Edgestream Partners L.P. Sells 8,089 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Edgestream Partners L.P. lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 83.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,627 shares of the real estate investment trust's stock after selling 8,089 shares during the period. Edgestream Partners L.P.'s holdings in Digital Realty Trust were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $217,000. Intech Investment Management LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $300,000. Teacher Retirement System of Texas increased its stake in shares of Digital Realty Trust by 31.0% in the 4th quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust's stock worth $7,649,000 after purchasing an additional 10,210 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth $43,000. Finally, Quantbot Technologies LP purchased a new stake in Digital Realty Trust in the 4th quarter worth $1,226,000. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho boosted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Citigroup reduced their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective for the company. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Finally, Bank of America began coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $187.16.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Down 0.4%

DLR stock traded down $0.64 during trading hours on Monday, hitting $177.34. The company's stock had a trading volume of 1,618,022 shares, compared to its average volume of 2,020,430. The stock has a 50 day moving average price of $172.44 and a two-hundred day moving average price of $163.85. 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. The company has a market capitalization of $59.73 billion, a PE ratio of 165.74, a price-to-earnings-growth ratio of 2.68 and a beta of 0.95.

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

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Digital Realty Trust Company 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.