Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 138,473 shares of the real estate investment trust's stock after buying an additional 3,003 shares during the quarter. IFM Investors Pty Ltd's holdings in Digital Realty Trust were worth $19,842,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after buying an additional 469,823 shares during the period. Norges Bank purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth $3,858,428,000. Geode Capital Management LLC boosted its position in shares of Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after purchasing an additional 281,704 shares in the last quarter. Northern Trust Corp boosted its position 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Digital Realty Trust by 11.4% during the 4th 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 worth $854,661,000 after purchasing an additional 492,692 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

DLR stock traded down $1.12 during trading on Monday, hitting $171.48. The stock had a trading volume of 1,267,724 shares, compared to its average volume of 2,018,765. The company's 50 day moving average price is $170.84 and its two-hundred day moving average price is $164.28. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The stock has a market cap of $57.75 billion, a price-to-earnings ratio of 160.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm 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. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.85%. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred 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 sale, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Truist Financial decreased their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group restated a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Citigroup decreased their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $187.16.

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.