Forte Capital LLC ADV Buys 1,958 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Forte Capital LLC ADV boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,831 shares of the real estate investment trust's stock after purchasing an additional 1,958 shares during the quarter. Forte Capital LLC ADV's holdings in Digital Realty Trust were worth $2,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DLR. Hutchens & Kramer Investment Management Group LLC raised its position in Digital Realty Trust by 3.2% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock worth $307,000 after acquiring an additional 66 shares in the last quarter. Robbins Farley raised its position in Digital Realty Trust by 0.7% during the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after acquiring an additional 71 shares in the last quarter. Colonial Trust Co SC raised its position in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 72 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in Digital Realty Trust by 5.4% during the fourth 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. Finally, Quent Capital LLC raised its position in Digital Realty Trust by 7.6% during the first 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. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DLR shares. Bank of America started coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. 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 report on Friday, April 25th. Oppenheimer began coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Guggenheim began coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Finally, Citigroup decreased their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $187.16.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $3.86 on Thursday, hitting $176.84. The company's stock had a trading volume of 1,706,053 shares, compared to its average volume of 2,018,710. The company has a market capitalization of $59.56 billion, a PE ratio of 165.27, a PEG ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The stock's 50 day moving average is $172.01 and its 200-day moving average is $164.02.

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 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 business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.76%. Digital Realty Trust's payout ratio is 456.07%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

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.