Stephens Inc. AR Has $4.75 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Stephens Inc. AR increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,175 shares of the real estate investment trust's stock after buying an additional 4,143 shares during the quarter. Stephens Inc. AR's holdings in Digital Realty Trust were worth $4,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Millstone Evans Group LLC bought a new position in Digital Realty Trust in the 4th quarter valued at $43,000. Opal Wealth Advisors LLC bought a new position in Digital Realty Trust in the 1st quarter valued at $38,000. Colonial Trust Co SC raised its position in Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 72 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Digital Realty Trust in the 4th quarter valued at $53,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Digital Realty Trust in the 4th quarter valued at $53,000. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JMP Securities restated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Truist Financial dropped their target price 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. Citigroup dropped their target price 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. Bank of America started coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 target price for the company. Finally, Barclays decreased their price objective on 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.16.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred 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 transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Up 0.3%

NYSE DLR traded up $0.53 during trading on Friday, hitting $177.29. The stock had a trading volume of 773,911 shares, compared to its average volume of 2,013,876. The company has a market capitalization of $59.71 billion, a PE ratio of 165.64, a P/E/G ratio of 2.63 and a beta of 0.95. The company's 50-day moving average price is $172.21 and its two-hundred day moving average price is $164.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

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 EPS for the quarter, beating 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 analysts' expectations of $1.43 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.75%. Digital Realty Trust's dividend payout ratio (DPR) is presently 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.