Goldman Sachs Group Inc. Has $431.26 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Goldman Sachs Group Inc. raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 37.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,009,673 shares of the real estate investment trust's stock after buying an additional 816,334 shares during the period. Goldman Sachs Group Inc. owned about 0.89% of Digital Realty Trust worth $431,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Northern Trust Corp raised its stake in shares of Digital Realty Trust by 57.5% during the 4th 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 in the last quarter. Deutsche Bank AG lifted its stake 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 acquiring an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC grew its position 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 worth $162,080,000 after acquiring an additional 1,123,018 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $182,126,000. Finally, Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after purchasing an additional 925,674 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $171.15 on Friday. The stock's fifty day simple moving average is $174.42 and its 200 day simple moving average is $163.84. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The firm has a market cap of $58.37 billion, a price-to-earnings ratio of 44.92, a P/E/G ratio of 3.15 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is 128.08%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DLR shares. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Guggenheim initiated coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $190.68.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

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.

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