Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 126.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,723 shares of the real estate investment trust's stock after buying an additional 9,881 shares during the period. Concurrent Investment Advisors LLC's holdings in Digital Realty Trust were worth $2,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $35,000. Millstone Evans Group LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $43,000. OFI Invest Asset Management purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $45,000. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the first quarter worth about $38,000. Finally, Colonial Trust Co SC increased its stake in shares of Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 0.4%

NYSE:DLR traded down $0.69 on Thursday, hitting $170.49. The stock had a trading volume of 1,217,225 shares, compared to its average volume of 2,015,735. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market cap of $57.42 billion, a price-to-earnings ratio of 159.34, a PEG ratio of 2.60 and a beta of 0.95. The company has a fifty day moving average price of $171.49 and a two-hundred day moving average price of $164.32. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.67 EPS. Digital Realty Trust's revenue was up 5.7% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.86%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Scotiabank cut their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. 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 note on Friday, April 25th. Citigroup dropped their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $187.16.

Digital Realty Trust Profile

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.