Vestcor Inc Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Vestcor Inc reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 25.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 45,866 shares of the real estate investment trust's stock after selling 16,068 shares during the quarter. Vestcor Inc's holdings in Digital Realty Trust were worth $6,572,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of DLR. Key Financial Inc boosted its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth about $38,000. Grove Bank & Trust boosted its position in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after buying an additional 230 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth about $49,000. Finally, Adirondack Trust Co. boosted its position in shares of Digital Realty Trust by 40.8% in the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after buying an additional 102 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent research reports. Raymond James Financial boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Scotiabank decreased their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Barclays boosted their price objective on shares of Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Finally, Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Insider Transactions at Digital Realty Trust

In related 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 transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Down 0.5%

Shares of NYSE DLR traded down $0.95 on Thursday, reaching $176.35. 1,963,273 shares of the company traded hands, compared to its average volume of 2,161,676. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a 50 day moving average of $174.08 and a 200 day moving average of $164.00. The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $59.39 billion, a PE ratio of 46.29, a P/E/G ratio of 3.31 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is 128.08%.

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.