Franklin Street Advisors Inc. NC Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Franklin Street Advisors Inc. NC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,975 shares of the real estate investment trust's stock after buying an additional 2,012 shares during the period. Franklin Street Advisors Inc. NC's holdings in Digital Realty Trust were worth $9,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after acquiring an additional 607,132 shares during the period. Private Advisor Group LLC raised its position in Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after purchasing an additional 527 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock worth $3,262,000 after purchasing an additional 7,781 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Digital Realty Trust by 136.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock valued at $34,321,000 after purchasing an additional 111,811 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Digital Realty Trust by 13.9% in the 4th quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust's stock valued at $6,756,000 after purchasing an additional 4,662 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction of $30,887.50. Following the transaction, the director now directly owns 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DLR shares. Oppenheimer began coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Scotiabank dropped 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 report on Tuesday, April 22nd. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Bank of America assumed 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 objective for the company. Finally, Barclays dropped their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Trading Down 1.3%

Shares of NYSE DLR traded down $2.29 during midday trading on Friday, reaching $174.24. The stock had a trading volume of 1,520,937 shares, compared to its average volume of 1,994,084. The company's 50 day moving average price is $162.20 and its 200 day moving average price is $166.22. 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 twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market cap of $58.68 billion, a price-to-earnings ratio of 107.55, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. Digital Realty Trust's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given 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 2.80%. Digital Realty Trust's payout ratio is presently 456.07%.

Digital Realty Trust 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.