Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,347 shares of the real estate investment trust's stock after purchasing an additional 12,289 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Digital Realty Trust were worth $20,110,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at $35,000. Millstone Evans Group LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $43,000. SRS Capital Advisors Inc. boosted 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 purchasing an additional 201 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $45,000. Finally, Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust in the first quarter worth approximately $38,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.3%

DLR traded up $0.44 during mid-day trading on Friday, reaching $172.60. 780,879 shares of the stock were exchanged, compared to its average volume of 2,018,742. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $58.13 billion, a PE ratio of 161.31, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a 50 day moving average price of $170.84 and a two-hundred day moving average price of $164.45.

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, topping the consensus estimate 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 business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the 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 completion of the transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on DLR. Citigroup reduced their price objective 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. JMP Securities restated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Scotiabank decreased their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Bank of America started coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective on the stock. Finally, New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.