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

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

Several other large investors also recently bought and sold shares of the stock. Colonial Trust Co SC increased its holdings in 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 position 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 acquiring an additional 74 shares in the last quarter. Quent Capital LLC boosted its position 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 acquiring an additional 75 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Digital Realty Trust by 0.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust's stock worth $4,282,000 after acquiring an additional 80 shares in the last quarter. Finally, Werlinich Asset Management LLC boosted its position in shares of Digital Realty Trust by 0.9% during the 1st quarter. Werlinich Asset Management LLC now owns 9,313 shares of the real estate investment trust's stock worth $1,334,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 1.3%

Shares of DLR stock traded down $2.29 during mid-day trading on Friday, hitting $174.24. 1,520,937 shares of the company's stock were exchanged, compared to its average volume of 2,000,180. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The stock has a 50-day simple moving average of $162.97 and a two-hundred day simple moving average of $165.88. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $58.68 billion, a price-to-earnings ratio of 107.55, a PEG ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating 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 firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal 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 given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director now directly owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DLR shares. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Oppenheimer started coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Barclays decreased their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $185.10.

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.