MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Invests $2.19 Million in Digital Realty Trust, Inc. (NYSE:DLR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,291 shares of the real estate investment trust's stock, valued at approximately $2,191,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Foster Victor Wealth Advisors LLC increased its stake in shares of Digital Realty Trust by 7.9% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 41,858 shares of the real estate investment trust's stock worth $6,073,000 after purchasing an additional 3,048 shares in the last quarter. Pacific Sun Financial Corp increased its stake in shares of Digital Realty Trust by 30.9% in the 1st quarter. Pacific Sun Financial Corp now owns 6,313 shares of the real estate investment trust's stock worth $905,000 after purchasing an additional 1,491 shares in the last quarter. Dover Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth $249,000. Opal Wealth Advisors LLC bought a new position in Digital Realty Trust in the 1st quarter worth $38,000. Finally, Robbins Farley boosted its holdings in Digital Realty Trust by 0.7% in the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after buying an additional 71 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on DLR shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Truist Financial dropped their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Bank of America started coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $174.24 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a market capitalization of $58.68 billion, a P/E ratio of 107.55, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. The company's 50-day moving average is $162.97 and its 200 day moving average is $165.67.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director now directly owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company's stock.

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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