Phoenix Financial Ltd. Sells 8,180 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Phoenix Financial Ltd. has reduced its holdings in Digital Realty Trust, Inc. by 40.7%, now owning 11,931 shares worth $1.71 million.
• Several institutional investors, including Invesco Ltd. and Pacific Heights Asset Management, have increased their stakes in Digital Realty Trust recently, highlighting a competitive interest in the company.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, representing an annualized yield of 2.74% and a payout ratio of 128.08%.

Phoenix Financial Ltd. decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,931 shares of the real estate investment trust's stock after selling 8,180 shares during the quarter. Phoenix Financial Ltd.'s holdings in Digital Realty Trust were worth $1,714,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Key Financial Inc grew its holdings in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust in the first quarter valued at approximately $38,000. Colonial Trust Co SC boosted its holdings in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 72 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Digital Realty Trust in the fourth quarter valued at approximately $53,000. Finally, Grove Bank & Trust boosted its holdings in Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Scotiabank reduced their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Barclays increased their price target on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

Insider Buying and Selling

In other news, Director Mark R. Patterson sold 175 shares of the 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 directly owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $0.46 during trading hours on Wednesday, hitting $178.76. 433,192 shares of the stock traded hands, compared to its average volume of 2,156,673. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 1.92. The firm's 50 day moving average price is $173.89 and its 200-day moving average price is $163.91. The stock has a market capitalization of $60.20 billion, a price-to-earnings ratio of 46.89, a P/E/G ratio of 3.26 and a beta of 0.95. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 128.08%.

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.