Rhumbline Advisers Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Rhumbline Advisers increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 643,092 shares of the real estate investment trust's stock after acquiring an additional 14,638 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Digital Realty Trust worth $92,149,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC increased its holdings in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after purchasing an additional 64 shares in the last quarter. Catalina Capital Group LLC increased its stake in Digital Realty Trust by 3.1% during the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 72 shares during the period. Colonial Trust Co SC grew its position in shares of 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 buying an additional 72 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in 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 purchasing an additional 74 shares in the last quarter. Finally, Quent Capital LLC boosted its holdings 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 during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DLR shares. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Oppenheimer started coverage on Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Bank of America assumed coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. Citigroup reduced their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Mizuho cut their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $185.10.

Digital Realty Trust Stock Down 0.0%

DLR traded down $0.07 during trading on Thursday, hitting $175.93. The stock had a trading volume of 1,555,488 shares, compared to its average volume of 1,985,174. The company has a market capitalization of $59.25 billion, a PE ratio of 108.60, a PEG ratio of 4.38 and a beta of 0.95. The stock has a 50 day simple moving average of $158.72 and a two-hundred day simple moving average of $166.63. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.67 EPS. Digital Realty Trust's revenue was up 5.7% compared to the same quarter last year. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

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.