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

Key Points

• Natixis Advisors LLC has reduced its stake in Digital Realty Trust, decreasing holdings by 7.2% in the first quarter, leaving it with approximately 194,000 shares valued at nearly $27.8 million.
• Digital Realty Trust's recent quarterly earnings beat analyst expectations, reporting $1.87 earnings per share against a forecast of $1.74, with a revenue increase of 10% year-over-year.
• Several analysts have raised their price targets for Digital Realty Trust, with estimates ranging from $190 to $220, indicating a consensus rating of "Moderate Buy."

Natixis Advisors LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,947 shares of the real estate investment trust's stock after selling 14,939 shares during the period. Natixis Advisors LLC owned about 0.06% of Digital Realty Trust worth $27,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Orion Portfolio Solutions LLC raised its holdings in Digital Realty Trust by 16.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,101 shares of the real estate investment trust's stock valued at $905,000 after acquiring an additional 736 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Digital Realty Trust by 4.2% in the 4th quarter. Wellington Management Group LLP now owns 325,678 shares of the real estate investment trust's stock worth $57,752,000 after purchasing an additional 13,259 shares during the last quarter. World Investment Advisors acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $630,000. Motley Fool Asset Management LLC lifted its position in shares of Digital Realty Trust by 13.3% during the fourth quarter. Motley Fool Asset Management LLC now owns 14,921 shares of the real estate investment trust's stock worth $2,646,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Pitcairn Co. acquired a new position in Digital Realty Trust in the fourth quarter worth about $219,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of DLR traded down $4.39 during mid-day trading on Friday, reaching $172.05. 1,662,113 shares of the company's stock traded hands, compared to its average volume of 1,519,500. 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 business's 50-day moving average price is $174.33 and its 200-day moving average price is $163.95. The stock has a market capitalization of $57.94 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 3.20 and a beta of 0.92. 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 posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $1.44 billion. During the same period last year, the firm earned $1.65 EPS. The firm's revenue was up 10.0% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DLR shares. Barclays upped their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Citigroup reissued a "buy" rating and set a $200.00 price target (up from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Scotiabank decreased 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 reissued a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $190.68.

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.