Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 43.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,715 shares of the real estate investment trust's stock after selling 2,857 shares during the quarter. Wright Investors Service Inc.'s holdings in Digital Realty Trust were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the period. Norges Bank purchased a new stake in Digital Realty Trust in the fourth quarter worth $3,858,428,000. Geode Capital Management LLC lifted its stake in Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after acquiring an additional 281,704 shares during the period. Northern Trust Corp lifted its stake 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock worth $854,661,000 after acquiring an additional 492,692 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Up 0.4%

Shares of NYSE DLR traded up $0.62 during mid-day trading on Thursday, reaching $176.62. 716,389 shares of the company were exchanged, compared to its average volume of 1,978,241. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $59.48 billion, a price-to-earnings ratio of 109.02, a P/E/G ratio of 4.38 and a beta of 0.95. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The firm has a 50-day moving average of $158.07 and a 200 day moving average of $166.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect 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. Stockholders of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analysts Set New Price Targets

A number of analysts recently commented on DLR shares. Citigroup dropped their price target on 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. Scotiabank dropped 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 note on Tuesday, April 22nd. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Mizuho dropped their target price 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. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

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.