Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Vanderbilt University

Vanderbilt University trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,336 shares of the real estate investment trust's stock after selling 3,565 shares during the period. Digital Realty Trust comprises approximately 0.9% of Vanderbilt University's holdings, making the stock its 24th biggest holding. Vanderbilt University's holdings in Digital Realty Trust were worth $4,490,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,858,428,000. Northern Trust Corp grew its stake in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after acquiring an additional 1,854,748 shares during the period. Deutsche Bank AG grew its stake 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 acquiring an additional 1,232,043 shares during the period. GAMMA Investing LLC grew its stake 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 acquiring an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $182,126,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction 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 now owns 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Up 1.2%

Shares of NYSE:DLR traded up $2.13 during midday trading on Monday, hitting $177.55. 1,183,187 shares of the company's stock traded hands, compared to its average volume of 1,994,910. 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 company has a market cap of $59.80 billion, a PE ratio of 165.93, a P/E/G ratio of 2.67 and a beta of 0.95. The firm's fifty day moving average price is $166.91 and its two-hundred day moving average price is $165.00. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.75%. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analyst Weigh In

Several research firms have commented on DLR. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Truist Financial lowered 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 research note on Monday, May 12th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Finally, Citigroup lowered their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $185.76.

Digital Realty Trust Company 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.