GSA Capital Partners LLP Sells 3,510 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• GSA Capital Partners LLP reduced its holdings in Digital Realty Trust, Inc. by 42.9% during the first quarter, now holding 4,675 shares valued at approximately $670,000.
• Digital Realty Trust reported an earnings per share of $1.87 in its most recent quarterly results, exceeding analysts' expectations of $1.74.
• The company declared a recent quarterly dividend of $1.22 per share, with a current annualized yield of 2.8% and a payout ratio of 128.08%.

GSA Capital Partners LLP trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 42.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,675 shares of the real estate investment trust's stock after selling 3,510 shares during the quarter. GSA Capital Partners LLP's holdings in Digital Realty Trust were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Digital Realty Trust by 18.4% in 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. Pacific Heights Asset Management LLC raised its position in shares of Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares during the last quarter. Vectors Research Management LLC grew its position in shares of Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after buying an additional 2,930 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after purchasing an additional 21,598 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR traded up $1.62 during trading hours on Thursday, reaching $171.11. 608,163 shares of the company were exchanged, compared to its average volume of 2,128,797. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $58.36 billion, a P/E ratio of 44.94, a P/E/G ratio of 3.20 and a beta of 0.92. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The business's 50 day simple moving average is $174.44 and its 200-day simple moving average is $163.89.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued 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 2.9%. Digital Realty Trust's dividend payout ratio is 128.08%.

Insider Transactions 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 sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Raymond James Financial increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

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.