Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,382,260 shares of the real estate investment trust's stock after selling 88,530 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.41% of Digital Realty Trust worth $198,064,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Digital Realty Trust in the 4th quarter worth $3,858,428,000. Northern Trust Corp boosted its position in shares of Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after buying an additional 1,854,748 shares during the last quarter. Deutsche Bank AG increased its holdings in Digital Realty Trust by 66.6% in the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after buying an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC raised its position in Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after buying an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Digital Realty Trust during the 4th quarter valued at about $182,126,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

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 transaction 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 filing with the SEC, which is available through this link. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Scotiabank lowered their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $186.55.

Digital Realty Trust Trading Up 1.7%

Shares of NYSE:DLR traded up $2.92 during trading on Monday, reaching $174.28. 2,505,682 shares of the company were exchanged, compared to its average volume of 2,014,448. The business's fifty day simple moving average is $168.80 and its 200-day simple moving average is $164.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. Digital Realty Trust, Inc. has a 12-month low of $123.33 and a 12-month high of $198.00. The firm has a market capitalization of $58.70 billion, a PE ratio of 162.88, a P/E/G ratio of 2.61 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $1.67 EPS. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.80%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Digital Realty Trust Profile

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.