Fifth Third Bancorp Has $6.15 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Fifth Third Bancorp boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,924 shares of the real estate investment trust's stock after purchasing an additional 3,876 shares during the quarter. Fifth Third Bancorp's holdings in Digital Realty Trust were worth $6,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Digital Realty Trust in the fourth quarter valued at about $3,858,428,000. Northern Trust Corp grew its stake in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after acquiring an additional 1,854,748 shares during the period. Deutsche Bank AG grew its stake in Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after acquiring an additional 1,232,043 shares during the period. GAMMA Investing LLC grew its stake in Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after acquiring an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Digital Realty Trust in the fourth quarter valued at about $182,126,000. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DLR. Truist Financial reduced their price objective on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Mizuho reduced their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Finally, Bank of America assumed coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.10.

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 on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director now owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $2.29 during trading hours on Friday, reaching $174.24. 1,520,937 shares of the stock were exchanged, compared to its average volume of 2,000,180. The firm has a market capitalization of $58.68 billion, a price-to-earnings ratio of 107.55, a P/E/G ratio of 4.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock's fifty day simple moving average is $162.97 and its 200 day simple moving average is $165.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results 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 return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.67 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.80%. Digital Realty Trust's dividend payout ratio (DPR) is presently 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.