Victory Capital Management Inc. Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Victory Capital Management Inc. decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,214 shares of the real estate investment trust's stock after selling 6,392 shares during the period. Victory Capital Management Inc.'s holdings in Digital Realty Trust were worth $17,225,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DLR. Norges Bank bought a new stake in Digital Realty Trust in the fourth quarter worth about $3,858,428,000. Northern Trust Corp raised its position in Digital Realty Trust by 57.5% in the fourth 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 increased its stake in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after purchasing an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after purchasing an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $182,126,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DLR shares. Oppenheimer started 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. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Citigroup reduced 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. Finally, Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $188.53.

Digital Realty Trust Trading Down 1.2%

Shares of Digital Realty Trust stock traded down $2.16 during trading on Friday, reaching $177.86. The company's stock had a trading volume of 2,602,172 shares, compared to its average volume of 1,482,118. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a market cap of $59.90 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 2.68 and a beta of 0.95. The firm's 50-day moving average is $173.62 and its two-hundred day moving average is $163.91. 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 announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.59%. The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm's revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the company'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

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.