Phoenix Financial Ltd. Sells 9,842 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Phoenix Financial Ltd. significantly reduced its holdings in Digital Realty Trust by 82.5%, selling 9,842 shares and retaining only 2,089 shares, valued at $364,000.
• Several large investors, including Pacific Heights Asset Management and Brown Advisory Inc., increased their stakes in Digital Realty Trust during the first quarter, indicating strong institutional interest.
• Digital Realty Trust recently reported quarterly earnings that exceeded analyst expectations, with a net margin of 23.98% and a year-over-year revenue increase of 10%, while also declaring a quarterly dividend of $1.22.

Phoenix Financial Ltd. lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 82.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,089 shares of the real estate investment trust's stock after selling 9,842 shares during the quarter. Phoenix Financial Ltd.'s holdings in Digital Realty Trust were worth $364,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Pacific Heights Asset Management LLC raised its stake in shares of Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after acquiring an additional 12,289 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Digital Realty Trust by 71.2% during the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust's stock worth $3,873,000 after acquiring an additional 11,239 shares in the last quarter. Finally, Sovran Advisors LLC raised its stake in shares of Digital Realty Trust by 58.9% during the 1st quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust's stock worth $994,000 after acquiring an additional 2,444 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DLR shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Barclays boosted their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a research note on Wednesday. They set a "buy" rating and a $210.00 price objective for the company. Finally, Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $193.05.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Digital Realty Trust Trading Up 0.5%

Shares of Digital Realty Trust stock opened at $172.57 on Thursday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm has a market capitalization of $58.85 billion, a price-to-earnings ratio of 45.29, a PEG ratio of 4.83 and a beta of 0.96. The firm's 50 day simple moving average is $170.23 and its two-hundred day simple moving average is $168.29.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 earnings per share. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.22 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is presently 128.08%.

Digital Realty Trust 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.