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

CNB Bank reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Millstone Evans Group LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $43,000. SRS Capital Advisors Inc. increased its holdings in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 201 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $45,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction 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 transaction, the director directly owned 6,522 shares in the company, valued at approximately $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. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Up 1.7%

NYSE:DLR traded up $2.92 during midday trading on Monday, reaching $174.28. The company had a trading volume of 2,505,682 shares, compared to its average volume of 2,014,449. The firm has a market capitalization of $58.70 billion, a price-to-earnings ratio of 162.88, a PEG ratio of 2.61 and a beta of 0.95. The stock's fifty day simple moving average is $169.36 and its 200-day simple moving average is $164.53. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates 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 was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.80%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analyst Ratings Changes

Several equities research analysts have issued reports on DLR shares. Mizuho raised their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Oppenheimer started coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price for the company. Scotiabank cut their target price on 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. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $186.55.

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.