Oak Asset Management LLC Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Oak Asset Management LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,503 shares of the real estate investment trust's stock after selling 2,285 shares during the quarter. Oak Asset Management LLC's holdings in Digital Realty Trust were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at about $29,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $35,000. Centricity Wealth Management LLC bought a new position in Digital Realty Trust during the 4th quarter valued at approximately $37,000. SRS Capital Advisors Inc. lifted its holdings in Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after buying an additional 201 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

DLR traded up $0.97 during midday trading on Friday, hitting $176.88. 1,748,376 shares of the company traded hands, compared to its average volume of 1,984,231. 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, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The firm has a market capitalization of $59.57 billion, a PE ratio of 109.18, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. The company's 50-day moving average is $158.72 and its 200 day moving average is $166.63.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly 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. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on DLR shares. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Citigroup dropped 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 report on Thursday, April 17th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.10.

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.