GAMMA Investing LLC Purchases 1,123,018 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

GAMMA Investing LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13,842.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,131,131 shares of the real estate investment trust's stock after purchasing an additional 1,123,018 shares during the period. GAMMA Investing LLC owned about 0.34% of Digital Realty Trust worth $162,080,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Bleakley Financial Group LLC increased its holdings in Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock worth $769,000 after acquiring an additional 64 shares during the last quarter. Catalina Capital Group LLC grew its holdings in Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock valued at $424,000 after buying an additional 72 shares in the last quarter. Colonial Trust Co SC grew its holdings 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. Legacy Financial Advisors Inc. grew its holdings in shares of Digital Realty Trust by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 74 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Digital Realty Trust by 7.6% during the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 75 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Down 0.0%

DLR stock traded down $0.07 during midday trading on Thursday, hitting $175.93. The company had a trading volume of 1,555,488 shares, compared to its average volume of 1,985,174. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock's 50 day moving average price is $158.72 and its 200 day moving average price is $166.63. The stock has a market cap of $59.25 billion, a price-to-earnings ratio of 108.60, a PEG ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.77%. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial cut their price objective on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. Bank of America assumed coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Barclays cut their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, Citigroup cut their target price on 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $185.10.

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.