Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 12.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,689 shares of the real estate investment trust's stock after acquiring an additional 2,401 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Digital Realty Trust were worth $3,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $35,000. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at about $38,000. SRS Capital Advisors Inc. raised its holdings in shares of Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 201 shares during the period. Millstone Evans Group LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $43,000. Finally, Grove Bank & Trust boosted its holdings in Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on DLR. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Citigroup decreased their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $185.76.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded down $2.59 during trading on Thursday, reaching $169.66. 4,732,270 shares of the company's stock traded hands, compared to its average volume of 2,012,992. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. The company has a 50 day moving average of $168.02 and a 200-day moving average of $165.14. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market capitalization of $57.14 billion, a P/E ratio of 158.56, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The business's revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.88%. 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 the business'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 now directly owns 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.