B&I Capital AG Acquires 8,120 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

B&I Capital AG lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,720 shares of the real estate investment trust's stock after purchasing an additional 8,120 shares during the period. Digital Realty Trust accounts for about 2.5% of B&I Capital AG's investment portfolio, making the stock its 16th biggest holding. B&I Capital AG's holdings in Digital Realty Trust were worth $7,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Key Financial Inc lifted its position in Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 1st quarter worth $38,000. Millstone Evans Group LLC acquired a new position in Digital Realty Trust during the 4th quarter worth $43,000. Grove Bank & Trust lifted its position in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Digital Realty Trust during the 1st quarter worth $49,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLR. Truist Financial cut their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Jefferies Financial Group reissued a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Oppenheimer assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Finally, Bank of America assumed coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $187.21.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Up 0.6%

NYSE DLR traded up $1.08 during trading hours on Thursday, hitting $180.32. The company's stock had a trading volume of 1,878,023 shares, compared to its average volume of 2,175,690. The stock has a fifty day moving average of $173.21 and a 200 day moving average of $164.03. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market capitalization of $60.73 billion, a P/E ratio of 168.53, a PEG ratio of 2.70 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.14. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.71%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.