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

Zevin Asset Management LLC lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,891 shares of the real estate investment trust's stock after selling 2,544 shares during the quarter. Digital Realty Trust makes up approximately 1.8% of Zevin Asset Management LLC's holdings, making the stock its 26th biggest holding. Zevin Asset Management LLC's holdings in Digital Realty Trust were worth $11,161,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Digital Realty Trust during the fourth quarter worth about $3,858,428,000. Northern Trust Corp raised its stake in Digital Realty Trust by 57.5% during 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 raised its stake in Digital Realty Trust by 66.6% during 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 acquiring an additional 1,232,043 shares during the period. GAMMA Investing LLC raised its stake in Digital Realty Trust by 13,842.2% during 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 acquiring an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $182,126,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DLR shares. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Truist Financial dropped their price target on shares of 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. Jefferies Financial Group restated a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Bank of America assumed coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust Trading Up 0.2%

Digital Realty Trust stock traded up $0.44 during midday trading on Tuesday, reaching $177.55. The stock had a trading volume of 558,743 shares, compared to its average volume of 2,014,750. The firm's fifty day simple moving average is $172.44 and its two-hundred day simple moving average is $163.85. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $59.80 billion, a price-to-earnings ratio of 165.97, a PEG ratio of 2.68 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The company's revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given 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 yield of 2.75%. Digital Realty Trust's payout ratio is 456.07%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust 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 value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

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.

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