Raiffeisen Bank International AG Sells 2,136 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Raiffeisen Bank International AG reduced its stake in Digital Realty Trust by 49.7%, selling 2,136 shares and leaving its holdings at 2,158 shares valued at $307,000.
• Digital Realty Trust reported $1.87 earnings per share for the last quarter, surpassing estimates by $0.13, with year-over-year revenue growth of 10.0%.
• The company declared a quarterly dividend of $1.22 per share, resulting in an annualized dividend yield of 2.8%, although the dividend payout ratio stands at 128.08%.

Raiffeisen Bank International AG cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 49.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,158 shares of the real estate investment trust's stock after selling 2,136 shares during the period. Raiffeisen Bank International AG's holdings in Digital Realty Trust were worth $307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Key Financial Inc raised 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 valued at $37,000 after acquiring an additional 138 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Digital Realty Trust during the first quarter worth about $38,000. Colonial Trust Co SC increased its stake in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 72 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Digital Realty Trust in the 4th quarter valued at about $53,000. Finally, Grove Bank & Trust lifted its holdings in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated 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 directly owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Up 1.0%

DLR traded up $1.66 during midday trading on Thursday, hitting $171.15. 1,164,453 shares of the company were exchanged, compared to its average volume of 1,526,305. The firm's 50 day moving average price is $174.44 and its 200-day moving average price is $163.89. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $58.37 billion, a P/E ratio of 44.92, a P/E/G ratio of 3.15 and a beta of 0.92.

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 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 earnings per share. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is presently 128.08%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $190.68.

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.