Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Digital Realty Trust by 24.0%, selling 6,011 shares and leaving them with 19,049 shares valued at approximately $2.73 million.
• Digital Realty Trust reported $1.87 earnings per share for the last quarter, exceeding expectations by $0.13, with a 10% year-over-year revenue increase to $1.49 billion.
• The company plans to pay a quarterly dividend of $1.22 on September 30th, representing an annual yield of 2.9%, though its payout ratio is notably high at 128.08%.

Gulf International Bank UK Ltd trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 24.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,049 shares of the real estate investment trust's stock after selling 6,011 shares during the quarter. Gulf International Bank UK Ltd's holdings in Digital Realty Trust were worth $2,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after acquiring an additional 925,674 shares during the period. Northern Trust Corp grew its position in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after buying an additional 1,854,748 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after buying an additional 492,692 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Digital Realty Trust by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,656,733 shares of the real estate investment trust's stock valued at $825,771,000 after buying an additional 96,639 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Digital Realty Trust by 1.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,384,451 shares of the real estate investment trust's stock valued at $777,495,000 after buying an additional 48,522 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLR has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Barclays increased their target price on shares of Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on 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 in the company, valued at $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 link. Insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Up 0.4%

DLR stock traded up $0.72 during midday trading on Friday, hitting $166.94. The stock had a trading volume of 1,949,868 shares, compared to its average volume of 1,448,169. The firm has a market cap of $56.93 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 4.80 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 2.22. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company's 50-day moving average price is $173.67 and its 200 day moving average price is $163.52.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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 firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 EPS. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's payout ratio is presently 128.08%.

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.