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

Envestnet Asset Management Inc. lifted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 442,024 shares of the real estate investment trust's stock after purchasing an additional 7,691 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Digital Realty Trust worth $63,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLR. Hutchens & Kramer Investment Management Group LLC grew its stake in shares of Digital Realty Trust by 3.2% in the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock worth $307,000 after buying an additional 66 shares in the last quarter. Robbins Farley boosted its stake in shares of Digital Realty Trust by 0.7% during the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after purchasing an additional 71 shares during the period. Colonial Trust Co SC boosted its stake in shares of Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 74 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of Digital Realty Trust by 7.6% during the 1st quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 75 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 1.3%

Shares of Digital Realty Trust stock traded down $2.15 on Friday, reaching $168.33. The stock had a trading volume of 1,493,984 shares, compared to its average volume of 2,017,222. The company has a 50 day moving average price of $171.73 and a 200 day moving average price of $164.18. 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 1 year low of $129.95 and a 1 year high of $198.00. The stock has a market capitalization of $56.69 billion, a P/E ratio of 157.32, a P/E/G ratio of 2.59 and a beta of 0.95.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DLR. Citigroup dropped their price target 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. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday. They set a "neutral" rating for the company. Scotiabank dropped their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have assigned 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.com, the company has an average rating of "Moderate Buy" and an average target price of $187.16.

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.