Montag A & Associates Inc. Trims Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Montag A & Associates Inc. trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 86.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,692 shares of the real estate investment trust's stock after selling 17,220 shares during the period. Montag A & Associates Inc.'s holdings in Digital Realty Trust were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Key Financial Inc raised its stake in shares of Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the first quarter worth approximately $38,000. Millstone Evans Group LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $43,000. Grove Bank & Trust grew its holdings in Digital Realty Trust by 306.7% during the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in Digital Realty Trust during the first quarter valued at approximately $49,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 0.9%

Shares of NYSE DLR traded up $1.55 during trading hours on Thursday, hitting $180.79. 542,436 shares of the company traded hands, compared to its average volume of 2,165,790. The company's 50 day moving average price is $173.21 and its 200 day moving average price is $164.03. The stock has a market capitalization of $60.89 billion, a price-to-earnings ratio of 168.74, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the business posted $1.67 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was 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 of the company's stock, valued at $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 this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. Truist Financial dropped their price target 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 reissued a "buy" rating and issued a $193.00 price objective (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 issued a "neutral" rating on the stock. Finally, Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $187.21.

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.