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

Vanderbilt University lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,336 shares of the real estate investment trust's stock after selling 3,565 shares during the quarter. Digital Realty Trust accounts for approximately 0.9% of Vanderbilt University's holdings, making the stock its 24th largest holding. Vanderbilt University's holdings in Digital Realty Trust were worth $4,490,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $37,000. Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the first quarter valued at approximately $38,000. SRS Capital Advisors Inc. boosted its position in Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 201 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR stock traded down $1.25 during midday trading on Friday, reaching $175.35. The stock had a trading volume of 2,641,311 shares, compared to its average volume of 2,004,535. The company's fifty day simple moving average is $166.29 and its 200 day simple moving average is $165.47. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The company has a market cap of $59.06 billion, a price-to-earnings ratio of 163.88, a price-to-earnings-growth ratio of 2.69 and a beta of 0.95. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Analyst Ratings Changes

Several brokerages recently weighed in on DLR. Scotiabank reduced their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Oppenheimer initiated coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. JMP Securities restated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Jefferies Financial Group restated a "buy" rating and issued 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, Barclays lowered their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $185.76.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director now owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

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.