Verity Asset Management Inc. Buys 3,193 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Verity Asset Management Inc. raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 99.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,400 shares of the real estate investment trust's stock after acquiring an additional 3,193 shares during the quarter. Verity Asset Management Inc.'s holdings in Digital Realty Trust were worth $917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. IFP Advisors Inc raised its position in Digital Realty Trust by 19.2% during the 4th quarter. IFP Advisors Inc now owns 589 shares of the real estate investment trust's stock valued at $104,000 after purchasing an additional 95 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Digital Realty Trust by 1.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,194 shares of the real estate investment trust's stock valued at $2,694,000 after buying an additional 245 shares during the period. SVB Wealth LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $1,279,000. Smartleaf Asset Management LLC lifted its stake in Digital Realty Trust by 33.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,524 shares of the real estate investment trust's stock worth $445,000 after acquiring an additional 632 shares during the period. Finally, Norden Group LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $200,000. 99.71% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have recently commented on DLR shares. 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 research report on Monday, May 12th. Barclays cut 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. Mizuho raised their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. 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. Finally, Jefferies Financial Group reissued a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have issued 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 Stock Performance

Shares of NYSE DLR traded up $2.92 during trading on Monday, reaching $174.28. 2,505,682 shares of the company traded hands, compared to its average volume of 2,014,448. The firm has a 50 day simple moving average of $168.80 and a 200-day simple moving average of $164.60. Digital Realty Trust, Inc. has a 52-week low of $123.33 and a 52-week high of $198.00. The stock 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. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81.

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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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