Hennion & Walsh Asset Management Inc. Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Hennion & Walsh Asset Management Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 16.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,720 shares of the real estate investment trust's stock after acquiring an additional 1,889 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Digital Realty Trust were worth $1,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc boosted its position in Digital Realty Trust by 1.8% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 67,574 shares of the real estate investment trust's stock worth $9,691,000 after purchasing an additional 1,200 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Digital Realty Trust by 2.1% in the first quarter. Harbor Investment Advisory LLC now owns 16,911 shares of the real estate investment trust's stock valued at $2,423,000 after buying an additional 350 shares in the last quarter. Hummer Financial Advisory Services Inc grew its stake in Digital Realty Trust by 6.7% during the 1st quarter. Hummer Financial Advisory Services Inc now owns 1,600 shares of the real estate investment trust's stock valued at $229,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. grew its position in shares of Digital Realty Trust by 107,450.0% in the 1st quarter. NBC Securities Inc. now owns 4,302 shares of the real estate investment trust's stock worth $616,000 after acquiring an additional 4,298 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Digital Realty Trust by 7.8% in the 1st quarter. Czech National Bank now owns 72,650 shares of the real estate investment trust's stock worth $10,410,000 after purchasing an additional 5,250 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.5%

NYSE:DLR traded up $0.97 during trading hours on Friday, hitting $176.88. 1,748,376 shares of the company traded hands, compared to its average volume of 1,988,937. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a market cap of $59.57 billion, a PE ratio of 109.18, a PEG ratio of 4.38 and a beta of 0.95. The firm's 50-day simple moving average is $158.72 and its 200-day simple moving average is $166.63. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

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 for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.67 EPS. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the business'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 owns 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Scotiabank cut their price target on 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. Mizuho decreased their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Bank of America started coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. Finally, Oppenheimer initiated coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $185.10.

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.