Vert Asset Management LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Vert Asset Management LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,469 shares of the real estate investment trust's stock after buying an additional 11,909 shares during the quarter. Digital Realty Trust accounts for 6.9% of Vert Asset Management LLC's investment portfolio, making the stock its 4th largest holding. Vert Asset Management LLC's holdings in Digital Realty Trust were worth $19,985,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after purchasing an additional 607,132 shares in the last quarter. Private Advisor Group LLC increased its stake in Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock worth $2,400,000 after purchasing an additional 527 shares during the period. Leavell Investment Management Inc. grew its position in shares of Digital Realty Trust by 74.1% in the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock worth $3,262,000 after buying an additional 7,781 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Digital Realty Trust by 136.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock valued at $34,321,000 after purchasing an additional 111,811 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Digital Realty Trust by 13.9% during the fourth quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust's stock valued at $6,756,000 after purchasing an additional 4,662 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on DLR. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Mizuho decreased their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Scotiabank reduced 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. Bank of America initiated coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective on the stock. Finally, Truist Financial dropped their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given 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 a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Trading Up 0.5%

Shares of NYSE:DLR opened at $176.88 on Monday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market cap of $59.57 billion, a PE ratio of 109.18, a P/E/G ratio of 4.38 and a beta of 0.95. The business has a 50 day moving average of $159.34 and a 200-day moving average of $166.28. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. The company 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 10.85% and a return on equity of 2.97%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.76%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

Insider Transactions at Digital Realty Trust

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 shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director now directly owns 6,522 shares of the company's stock, valued at $1,151,133. This trade 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. 0.13% of the stock is currently owned by company insiders.

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.

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