Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 97.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,837 shares of the real estate investment trust's stock after acquiring an additional 6,344 shares during the period. Impax Asset Management Group plc's holdings in Digital Realty Trust were worth $1,839,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $35,000. Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. SRS Capital Advisors Inc. increased its holdings in Digital Realty Trust by 502.5% in 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 stake in Digital Realty Trust in the fourth quarter valued at approximately $43,000. Finally, Grove Bank & Trust lifted its stake in Digital Realty Trust by 306.7% during the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 230 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.6%

Shares of NYSE DLR traded down $1.12 during midday trading on Monday, hitting $171.48. 1,267,724 shares of the company's stock were exchanged, compared to its average volume of 2,018,765. The firm's fifty day simple moving average is $170.84 and its 200-day simple moving average is $164.28. The company 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. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the company earned $1.67 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DLR shares. New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective for the company. Scotiabank cut 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 note on Tuesday, April 22nd. Finally, Bank of America initiated coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $187.16.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust 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 owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

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.