Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,603 shares of the real estate investment trust's stock after purchasing an additional 4,320 shares during the period. Leavell Investment Management Inc.'s holdings in Digital Realty Trust were worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DLR. Hutchens & Kramer Investment Management Group LLC boosted its position in Digital Realty Trust by 3.2% in the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 66 shares during the period. Robbins Farley grew its holdings in Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after purchasing an additional 71 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of Digital Realty Trust by 33.8% in the 4th 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 stake 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 acquiring an additional 74 shares during the last quarter. Finally, Quent Capital LLC boosted its position in Digital Realty Trust by 7.6% in the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock valued at $152,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Activity

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred 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 transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Shares of DLR traded up $2.39 during mid-day trading on Monday, reaching $170.86. 1,183,053 shares of the company's stock were exchanged, compared to its average volume of 2,016,822. The stock has a market capitalization of $57.54 billion, a PE ratio of 159.68, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The business's fifty day simple moving average is $171.73 and its 200-day simple moving average is $163.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.86%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Bank of America initiated coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 target price for the company. Jefferies Financial Group restated a "buy" rating and issued a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Scotiabank dropped their price objective 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. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $187.16.

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.