Wealth Enhancement Advisory Services LLC Sells 2,094 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,174 shares of the real estate investment trust's stock after selling 2,094 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Digital Realty Trust were worth $2,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Fairway Wealth LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. increased its position in shares of Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 201 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $43,000. OFI Invest Asset Management bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $45,000. Finally, Adirondack Trust Co. boosted its stake in Digital Realty Trust by 40.8% in the first quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DLR shares. Scotiabank lowered 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. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Barclays lowered their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.55.

Digital Realty Trust Trading Down 1.8%

Shares of DLR traded down $3.19 during trading hours on Tuesday, reaching $171.14. 2,250,355 shares of the company traded hands, compared to its average volume of 2,017,514. The company's fifty day moving average price is $169.80 and its two-hundred day moving average price is $164.57. The company has a market capitalization of $57.64 billion, a price-to-earnings ratio of 159.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business posted $1.67 earnings per share. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict 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 2.85%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Insider Buying and Selling

In other news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company's stock.

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.