Rowlandmiller & PARTNERS.ADV Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Rowlandmiller & PARTNERS.ADV lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 28.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,110 shares of the real estate investment trust's stock after acquiring an additional 1,581 shares during the quarter. Rowlandmiller & PARTNERS.ADV's holdings in Digital Realty Trust were worth $1,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $29,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth about $37,000. Millstone Evans Group LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $43,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 201 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director now directly owns 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Digital Realty Trust Trading Up 1.1%

Shares of NYSE:DLR traded up $1.92 during trading on Thursday, hitting $177.76. The company had a trading volume of 830,319 shares, compared to its average volume of 1,990,916. The stock has a market cap of $59.87 billion, a price-to-earnings ratio of 109.73, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a fifty day simple moving average of $161.40 and a two-hundred day simple moving average of $166.33. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, equities 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 disclosed 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 yield of 2.75%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Truist Financial decreased their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Scotiabank lowered their target price 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. Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. Finally, Mizuho lowered their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.10.

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.