Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 41.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,129,819 shares of the real estate investment trust's stock after acquiring an additional 918,549 shares during the quarter. Pictet Asset Management Holding SA owned about 0.93% of Digital Realty Trust worth $448,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hutchens & Kramer Investment Management Group LLC lifted its position in shares of Digital Realty Trust by 3.2% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 66 shares in the last quarter. Robbins Farley lifted its position in shares of Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock valued at $1,570,000 after acquiring an additional 71 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of 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 in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 74 shares in the last quarter. Finally, Quent Capital LLC lifted its position in shares of Digital Realty Trust by 7.6% in the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock valued at $152,000 after acquiring an additional 75 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR traded up $1.22 during mid-day trading on Friday, hitting $177.98. The stock had a trading volume of 1,393,257 shares, compared to its average volume of 2,018,624. The company has a market cap of $59.94 billion, a PE ratio of 166.34, a PEG ratio of 2.68 and a beta of 0.95. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The company's fifty day simple moving average is $172.44 and its two-hundred day simple moving average is $164.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent analyst reports. Bank of America initiated coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Citigroup reduced their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Oppenheimer initiated coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $187.16.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust 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 transaction, the director directly owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

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.