Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by CNB Bank

CNB Bank lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,151 shares of the real estate investment trust's stock after selling 1,571 shares during the period. CNB Bank's holdings in Digital Realty Trust were worth $452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Norges Bank acquired a new position in Digital Realty Trust in the 4th quarter valued at $3,858,428,000. Northern Trust Corp increased its stake in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG lifted its position in Digital Realty Trust by 66.6% during the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after buying an additional 1,232,043 shares during the period. GAMMA Investing LLC boosted its stake in Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after buying an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research analyst reports. Scotiabank decreased their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Barclays cut their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target for the company. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.55.

Digital Realty Trust Stock Down 1.5%

Shares of Digital Realty Trust stock opened at $169.66 on Friday. 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 1-year low of $129.95 and a 1-year high of $198.00. The business has a 50-day moving average of $168.39 and a 200-day moving average of $165.01. The company has a market capitalization of $57.14 billion, a PE ratio of 158.56, a P/E/G ratio of 2.62 and a beta of 0.95.

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

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Insider Activity

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

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.

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