Alpha Cubed Investments LLC Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Alpha Cubed Investments LLC grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 102.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 402,525 shares of the real estate investment trust's stock after buying an additional 203,799 shares during the quarter. Digital Realty Trust accounts for about 2.6% of Alpha Cubed Investments LLC's investment portfolio, making the stock its 12th biggest position. Alpha Cubed Investments LLC owned 0.12% of Digital Realty Trust worth $57,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DLR. Horst & Graben Wealth Management LLC boosted its holdings in shares of Digital Realty Trust by 24.8% in the first quarter. Horst & Graben Wealth Management LLC now owns 15,965 shares of the real estate investment trust's stock valued at $2,288,000 after purchasing an additional 3,173 shares during the period. Washington Trust Bank boosted its holdings in shares of Digital Realty Trust by 1.1% in the first quarter. Washington Trust Bank now owns 37,833 shares of the real estate investment trust's stock valued at $5,421,000 after purchasing an additional 404 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Digital Realty Trust by 10.1% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 12,926 shares of the real estate investment trust's stock valued at $1,852,000 after purchasing an additional 1,188 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Digital Realty Trust by 22.2% in the first quarter. TD Private Client Wealth LLC now owns 1,392 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 253 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Digital Realty Trust by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 442,024 shares of the real estate investment trust's stock valued at $63,338,000 after purchasing an additional 7,691 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DLR shares. Scotiabank lowered 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 dropped their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Mizuho increased their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Barclays dropped their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $187.16.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

DLR stock traded down $1.12 during midday trading on Monday, reaching $171.48. The stock had a trading volume of 1,267,724 shares, compared to its average volume of 2,018,765. The stock has a market cap of $57.75 billion, a PE ratio of 160.26, a P/E/G ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a fifty day simple moving average of $170.84 and a two-hundred day simple moving average of $164.28. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.85%. Digital Realty Trust's payout ratio is currently 456.07%.

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.