Novare Capital Management LLC Has $3.32 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Novare Capital Management LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 69.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 23,156 shares of the real estate investment trust's stock after selling 51,968 shares during the quarter. Novare Capital Management LLC's holdings in Digital Realty Trust were worth $3,318,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DLR. Invesco Ltd. raised its stake in shares of Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after purchasing an additional 607,132 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after purchasing an additional 25,000 shares in the last quarter. Vectors Research Management LLC grew its holdings in Digital Realty Trust by 15.8% during the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after acquiring an additional 2,930 shares during the period. Asset Management One Co. Ltd. grew its holdings in Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after acquiring an additional 21,598 shares during the period. Finally, Sovran Advisors LLC grew its holdings in Digital Realty Trust by 58.9% during the first quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust's stock worth $994,000 after acquiring an additional 2,444 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other 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 in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DLR shares. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Mizuho lifted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Scotiabank reduced their price target on 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. Truist Financial reduced their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Oppenheimer began coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $187.16.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $0.87 during mid-day trading on Tuesday, hitting $170.77. 1,266,559 shares of the company were exchanged, compared to its average volume of 2,244,790. 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 business has a fifty day moving average of $171.06 and a 200 day moving average of $164.23. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a market capitalization of $57.51 billion, a PE ratio of 159.60, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.67 earnings per share. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.86%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Digital Realty Trust Company 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.