Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 70.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,274 shares of the real estate investment trust's stock after selling 82,012 shares during the quarter. New Age Alpha Advisors LLC's holdings in Digital Realty Trust were worth $4,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLR. Northern Trust Corp increased its holdings in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after buying an additional 1,854,748 shares during the period. Deutsche Bank AG increased its holdings in Digital Realty Trust by 66.6% in the 4th 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 increased its holdings 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 period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Digital Realty Trust in the 4th quarter worth approximately $182,126,000. Finally, Pictet Asset Management Holding SA increased its holdings in Digital Realty Trust by 41.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after buying an additional 918,549 shares during the period. Institutional investors and hedge funds 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 firm's 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 sale, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DLR. Bank of America began coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Jefferies Financial Group restated a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Barclays upped their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Digital Realty Trust Trading Down 0.5%

Shares of DLR stock opened at $172.11 on Wednesday. The stock's fifty day moving average is $174.44 and its two-hundred day moving average is $163.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. The firm has a market capitalization of $58.70 billion, a P/E ratio of 45.17, a PEG ratio of 3.21 and a beta of 0.92. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust's dividend payout ratio (DPR) is presently 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.

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