Stratos Investment Management LLC Purchases 8,407 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Stratos Investment Management LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 56.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,427 shares of the real estate investment trust's stock after acquiring an additional 8,407 shares during the period. Stratos Investment Management LLC's holdings in Digital Realty Trust were worth $3,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC grew its holdings in Digital Realty Trust by 3.2% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 66 shares during the last quarter. Robbins Farley grew its position in Digital Realty Trust by 0.7% during the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after purchasing an additional 71 shares during the period. Colonial Trust Co SC grew its position in Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 74 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in shares of Digital Realty Trust by 7.6% during the 1st quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock worth $152,000 after acquiring an additional 75 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director directly owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $0.87 on Tuesday, hitting $170.77. The company's stock had a trading volume of 1,266,565 shares, compared to its average volume of 2,015,769. The firm has a market cap of $57.51 billion, a P/E ratio of 159.60, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $171.06 and a 200-day moving average price of $164.23. 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 earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company posted $1.67 EPS. The company's revenue was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.86%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DLR. Scotiabank decreased their price target 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. Truist Financial dropped their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Mizuho upped their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $187.16.

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.