Sovran Advisors LLC Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Sovran Advisors LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 58.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,594 shares of the real estate investment trust's stock after buying an additional 2,444 shares during the quarter. Sovran Advisors LLC's holdings in Digital Realty Trust were worth $994,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Gold Investment Management Ltd. grew its position in Digital Realty Trust by 1.9% in the first quarter. Gold Investment Management Ltd. now owns 16,006 shares of the real estate investment trust's stock valued at $2,294,000 after acquiring an additional 292 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Digital Realty Trust by 43.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,028 shares of the real estate investment trust's stock valued at $14,072,000 after purchasing an additional 30,082 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Digital Realty Trust by 107.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 4,892 shares of the real estate investment trust's stock worth $701,000 after buying an additional 2,535 shares during the period. Total Wealth Planning & Management Inc. lifted its holdings in Digital Realty Trust by 217.2% in the 1st quarter. Total Wealth Planning & Management Inc. now owns 4,022 shares of the real estate investment trust's stock worth $576,000 after buying an additional 2,754 shares in the last quarter. Finally, PDS Planning Inc boosted its position in Digital Realty Trust by 16.7% in the 1st quarter. PDS Planning Inc now owns 1,666 shares of the real estate investment trust's stock valued at $239,000 after buying an additional 238 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on 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 directly owns 6,522 shares in the company, valued at $1,151,133. This represents 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 this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $171.34 on Monday. The firm's 50 day moving average is $168.80 and its two-hundred day moving average is $164.60. The firm has a market capitalization of $57.70 billion, a P/E ratio of 160.13, a PEG ratio of 2.61 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $123.33 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Truist Financial reduced their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Barclays dropped their price target 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. Scotiabank reduced their price objective 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. Finally, Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $186.55.

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.

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