Sanibel Captiva Trust Company Inc. Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Sanibel Captiva Trust Company Inc. lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 19.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,597 shares of the real estate investment trust's stock after selling 2,255 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Digital Realty Trust were worth $1,375,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at $29,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $37,000. Millstone Evans Group LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter worth about $43,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $0.50 during mid-day trading on Thursday, reaching $176.34. 1,924,682 shares of the company were exchanged, compared to its average volume of 1,995,978. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $59.39 billion, a PE ratio of 108.85, a PEG ratio of 4.38 and a beta of 0.95. The company's 50 day moving average price is $162.20 and its 200 day moving average price is $166.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.67 EPS. The firm's revenue was up 5.7% compared to the same quarter last year. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.22 per share. 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 is currently 456.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Citigroup reduced their target price on shares of 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. Scotiabank reduced their target price on shares of 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. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $185.10.

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 on Thursday, June 5th. The shares were 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 directly owns 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

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.