Roman Butler Fullerton & Co. Sells 2,289 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Roman Butler Fullerton & Co. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 25.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,647 shares of the real estate investment trust's stock after selling 2,289 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Digital Realty Trust were worth $972,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $37,000. Millstone Evans Group LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $43,000. Finally, SRS Capital Advisors Inc. increased its position in Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after buying an additional 201 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated 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 now owns 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $0.47 during midday trading on Thursday, hitting $176.53. 1,468,770 shares of the company's stock were exchanged, compared to its average volume of 1,999,229. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a 50-day moving average price of $165.00 and a two-hundred day moving average price of $165.68. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a market cap of $59.45 billion, a P/E ratio of 164.98, a PEG ratio of 2.69 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DLR. Truist Financial reduced their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research report on Monday, April 28th. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, 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 for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $185.76.

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.