1,464 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Acquired by Permanent Capital Management LP

Permanent Capital Management LP acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,464 shares of the real estate investment trust's stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of DLR. Sierra Ocean LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at $29,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the 4th quarter worth approximately $35,000. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the 4th quarter worth approximately $37,000. SRS Capital Advisors Inc. increased its position in Digital Realty Trust by 502.5% during the fourth 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 purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was 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 approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Up 0.5%

Shares of DLR traded up $0.97 during midday trading on Friday, hitting $176.88. The company had a trading volume of 1,748,376 shares, compared to its average volume of 1,988,937. The stock has a market cap of $59.57 billion, a price-to-earnings ratio of 109.18, a PEG ratio of 4.38 and a beta of 0.95. The company's 50 day moving average price is $158.72 and its 200 day moving average price is $166.63. 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Citigroup dropped their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Truist Financial decreased their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Mizuho dropped their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Finally, Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. 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 stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average 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.