ING Groep NV Has $3.97 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• ING Groep NV reduced its holdings in Digital Realty Trust by 30.4%, bringing their shares down to 27,706 valued at approximately $3.97 million at the end of the most recent quarter.
• Digital Realty Trust recently declared a quarterly dividend of $1.22 per share, translating to an annualized yield of 2.8%, with a payout ratio of 128.08%.
• Research analysts currently have an average rating of "Moderate Buy" for Digital Realty Trust, with a target price of $190.68, amid multiple recent upgrades from various financial institutions.

ING Groep NV cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 30.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,706 shares of the real estate investment trust's stock after selling 12,119 shares during the quarter. ING Groep NV's holdings in Digital Realty Trust were worth $3,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Key Financial Inc lifted its holdings in Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after buying an additional 138 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust during the first quarter worth approximately $38,000. Colonial Trust Co SC boosted its holdings in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 72 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Digital Realty Trust in the fourth quarter valued at approximately $53,000. Finally, Grove Bank & Trust raised its holdings in Digital Realty Trust by 306.7% during the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Transactions at Digital Realty Trust

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DLR. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Oppenheimer started coverage on shares of 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. Barclays boosted their price target on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Digital Realty Trust Price Performance

DLR traded up $1.66 during trading on Thursday, reaching $171.15. The stock had a trading volume of 1,164,453 shares, compared to its average volume of 1,526,305. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a market capitalization of $58.37 billion, a price-to-earnings ratio of 44.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.92. The stock has a 50 day moving average of $174.44 and a two-hundred day moving average of $163.89. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $1.65 earnings per share. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust's payout ratio is 128.08%.

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.