First Hawaiian Bank boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 128.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,389 shares of the real estate investment trust's stock after acquiring an additional 4,157 shares during the period. First Hawaiian Bank's holdings in Digital Realty Trust were worth $1,059,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $37,000. Crews Bank & Trust acquired a new stake in Digital Realty Trust in the fourth quarter valued at $42,000. Finally, SRS Capital Advisors Inc. raised its holdings in Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 201 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Price Performance
DLR traded up $1.85 on Wednesday, reaching $175.59. The company had a trading volume of 578,590 shares, compared to its average volume of 1,976,866. The company has a fifty day moving average of $157.39 and a 200-day moving average of $166.61. The company has a market capitalization of $59.14 billion, a P/E ratio of 108.39, a PEG ratio of 4.38 and a beta of 0.95. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Digital Realty Trust's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Scotiabank lowered their target price 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. Truist Financial lowered their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. JMP Securities reiterated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $185.10.
Check Out Our Latest Report on Digital Realty Trust
Digital Realty Trust Company Profile
(
Free Report)
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.
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