Retirement Planning Co of New England Inc. Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Retirement Planning Co of New England Inc. decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 32.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,028 shares of the real estate investment trust's stock after selling 2,375 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in Digital Realty Trust were worth $720,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DLR. Invesco Ltd. raised its stake in shares of Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after acquiring an additional 607,132 shares during the period. Pacific Heights Asset Management LLC increased its stake in Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after buying an additional 25,000 shares during the period. Vectors Research Management LLC increased its stake in Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after buying an additional 2,930 shares during the period. Asset Management One Co. Ltd. increased its stake in Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after buying an additional 21,598 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in Digital Realty Trust by 71.2% in the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust's stock worth $3,873,000 after buying an additional 11,239 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

DLR stock traded up $1.22 during trading on Friday, reaching $177.98. The company had a trading volume of 1,393,257 shares, compared to its average volume of 2,016,218. The firm has a 50-day simple moving average of $172.21 and a 200-day simple moving average of $164.03. The company has a market cap of $59.94 billion, a price-to-earnings ratio of 166.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analysts Set New Price Targets

DLR has been the topic of several recent analyst reports. Scotiabank reduced their price target on shares of 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. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Guggenheim initiated coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating on the stock. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Bank of America initiated coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

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.