QRG Capital Management Inc. Purchases 1,631 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

QRG Capital Management Inc. increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,732 shares of the real estate investment trust's stock after acquiring an additional 1,631 shares during the period. QRG Capital Management Inc.'s holdings in Digital Realty Trust were worth $5,693,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Sagespring Wealth Partners LLC lifted its position in Digital Realty Trust by 6.2% in the first quarter. Sagespring Wealth Partners LLC now owns 2,066 shares of the real estate investment trust's stock valued at $296,000 after purchasing an additional 120 shares during the last quarter. Access Financial Services Inc. increased its stake in shares of Digital Realty Trust by 11.4% in the first quarter. Access Financial Services Inc. now owns 9,016 shares of the real estate investment trust's stock worth $1,292,000 after buying an additional 923 shares during the period. North Star Investment Management Corp. raised its holdings in Digital Realty Trust by 23.7% during the 1st quarter. North Star Investment Management Corp. now owns 793 shares of the real estate investment trust's stock valued at $114,000 after buying an additional 152 shares during the last quarter. Brighton Jones LLC boosted its position in Digital Realty Trust by 1.2% during the 1st quarter. Brighton Jones LLC now owns 71,385 shares of the real estate investment trust's stock valued at $10,229,000 after buying an additional 873 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Digital Realty Trust by 22.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,921 shares of the real estate investment trust's stock worth $848,000 after acquiring an additional 1,067 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Down 0.7%

Shares of NYSE DLR traded down $1.25 during trading on Friday, reaching $175.35. The company had a trading volume of 2,641,311 shares, compared to its average volume of 2,004,534. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month 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 business's 50-day moving average is $166.29 and its 200 day moving average is $165.47. The stock has a market cap of $59.06 billion, a PE ratio of 163.88, a P/E/G ratio of 2.69 and a beta of 0.95.

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 for the quarter, beating the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.78%. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLR shares. Truist Financial lowered their price objective 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. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target for the company. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. 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 research note on Tuesday, April 22nd. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $185.76.

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.