Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 35.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,492 shares of the real estate investment trust's stock after selling 3,003 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Digital Realty Trust were worth $787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DLR. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Millstone Evans Group LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $43,000. SRS Capital Advisors Inc. boosted its stake 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 worth $43,000 after buying an additional 201 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Digital Realty Trust during the fourth quarter worth about $45,000. Finally, Opal Wealth Advisors LLC purchased a new position in Digital Realty Trust during the first quarter valued at approximately $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust 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 completion of the sale, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLR. Citigroup dropped their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Scotiabank cut 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 report on Tuesday, April 22nd. Bank of America initiated coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $185.76.

Digital Realty Trust Stock Down 3.1%

Shares of DLR opened at $172.12 on Thursday. The stock has a fifty day simple moving average of $168.02 and a two-hundred day simple moving average of $165.14. 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 company has a market capitalization of $57.97 billion, a PE ratio of 160.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. 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 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. The company 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%. Digital Realty Trust's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 EPS. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

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.

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