Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its holdings in Digital Realty Trust by 14.3%, owning 25,337 shares valued at approximately $3.63 million.
• Institutional investors hold 99.71% of Digital Realty Trust's stock, indicating strong institutional interest in the real estate investment trust.
• The company reported an EPS of $1.87 for the last quarter, surpassing analysts' expectations, with 10% revenue growth year-over-year.

Mizuho Securities USA LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,337 shares of the real estate investment trust's stock after selling 4,216 shares during the period. Mizuho Securities USA LLC's holdings in Digital Realty Trust were worth $3,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nvwm LLC grew its holdings in Digital Realty Trust by 1.9% in the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after purchasing an additional 60 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of Digital Realty Trust by 3.2% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 66 shares during the last quarter. Probity Advisors Inc. grew its holdings in shares of Digital Realty Trust by 1.5% during the first quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock valued at $687,000 after buying an additional 70 shares during the last quarter. Robbins Farley grew its holdings in shares of Digital Realty Trust by 0.7% during the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock valued at $1,570,000 after buying an additional 71 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. 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. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the 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 sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Down 1.4%

Shares of Digital Realty Trust stock traded down $2.41 during mid-day trading on Thursday, hitting $166.17. The stock had a trading volume of 1,308,983 shares, compared to its average volume of 2,098,853. The firm has a 50-day moving average of $174.06 and a two-hundred day moving average of $163.47. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market cap of $56.67 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 4.87 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $1.65 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. 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%.

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.