Readystate Asset Management LP Buys Shares of 23,976 Digital Realty Trust, Inc. (NYSE:DLR)

Readystate Asset Management LP acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,976 shares of the real estate investment trust's stock, valued at approximately $3,436,000.

Several other hedge funds have also bought and sold shares of DLR. Norges Bank purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,858,428,000. Northern Trust Corp increased its position in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Deutsche Bank AG increased its position in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after buying an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after buying an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 1.2%

Digital Realty Trust stock traded down $2.16 during trading on Friday, reaching $177.86. The stock had a trading volume of 2,602,172 shares, compared to its average volume of 1,482,118. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The business has a 50 day moving average price of $173.62 and a 200 day moving average price of $163.91. 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 stock has a market cap of $59.90 billion, a PE ratio of 46.68, a P/E/G ratio of 2.68 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. The company 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 6.59%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 earnings per share. On average, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DLR. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. 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 objective for the company. Jefferies Financial Group restated a "buy" rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. JMP Securities restated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, Scotiabank cut their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $188.53.

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.