First United Bank & Trust Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

First United Bank & Trust lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 68.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,627 shares of the real estate investment trust's stock after selling 3,467 shares during the period. First United Bank & Trust's holdings in Digital Realty Trust were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Digital Realty Trust during the 4th quarter worth about $3,858,428,000. Northern Trust Corp lifted its stake in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG boosted its holdings 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 purchasing an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $1.52 during mid-day trading on Friday, hitting $173.79. The stock had a trading volume of 712,701 shares, compared to its average volume of 1,991,537. The firm has a market cap of $58.53 billion, a PE ratio of 107.27, a PEG ratio of 4.38 and a beta of 0.95. The company's 50-day simple moving average is $162.20 and its 200-day simple moving average is $166.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm's revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.81%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a report on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Oppenheimer started coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.10.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director now owns 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

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.