Y Intercept Hong Kong Ltd Acquires 30,691 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Y Intercept Hong Kong Ltd raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 173.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,343 shares of the real estate investment trust's stock after purchasing an additional 30,691 shares during the quarter. Digital Realty Trust makes up about 0.5% of Y Intercept Hong Kong Ltd's portfolio, making the stock its 25th biggest holding. Y Intercept Hong Kong Ltd's holdings in Digital Realty Trust were worth $6,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Key Financial Inc lifted its holdings in 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 during the last quarter. Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust during the 1st quarter worth $38,000. Millstone Evans Group LLC bought a new stake in Digital Realty Trust during the 4th quarter worth $43,000. Grove Bank & Trust grew its position in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Digital Realty Trust during the 1st quarter worth $49,000. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $1.08 during trading on Thursday, hitting $180.32. The company's stock had a trading volume of 1,317,877 shares, compared to its average volume of 2,170,481. The company has a market cap of $60.73 billion, a PE ratio of 168.53, a P/E/G ratio of 2.70 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $173.21 and a 200-day moving average of $164.03. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $1.67 earnings per share. Digital Realty Trust's revenue was up 5.7% compared to the same quarter last year. As a group, 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 business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Analyst Ratings Changes

A number of equities research analysts have commented on DLR shares. Mizuho upped their price target 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. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. Truist Financial dropped their price objective on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned 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 a consensus target price of $187.21.

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.