Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 45.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,826 shares of the real estate investment trust's stock after selling 3,960 shares during the period. Walter & Keenan Wealth Management LLC IN ADV's holdings in Digital Realty Trust were worth $692,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $37,000. Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the first quarter worth approximately $38,000. SRS Capital Advisors Inc. increased its position 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 acquiring an additional 201 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

DLR stock opened at $176.53 on Friday. 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 $59.45 billion, a price-to-earnings ratio of 164.98, a P/E/G ratio of 2.69 and a beta of 0.95. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm has a 50 day moving average of $165.68 and a two-hundred day moving average of $165.57.

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 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The company's revenue for the quarter was up 5.7% 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction 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 directly owns 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of several analyst reports. Mizuho lifted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday. JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Citigroup dropped their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Scotiabank dropped their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.76.

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.

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