Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by PGGM Investments

PGGM Investments lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,360 shares of the real estate investment trust’s stock after selling 1,161 shares during the period. PGGM Investments owned 0.10% of Digital Realty Trust worth $48,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gilman Hill Asset Management LLC lifted its position in shares of Digital Realty Trust by 1.1% in the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 65 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in Digital Realty Trust by 1.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock worth $848,000 after purchasing an additional 72 shares during the last quarter. CHICAGO TRUST Co NA grew its holdings in shares of Digital Realty Trust by 5.1% during the second quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 83 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Digital Realty Trust by 13.6% in the first quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 84 shares during the last quarter. Finally, Benedict Financial Advisors Inc. lifted its stake in shares of Digital Realty Trust by 0.5% in the first quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock worth $2,623,000 after buying an additional 84 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on DLR. Mizuho started coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Truist Financial raised their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Trading Up 1.1 %

NYSE:DLR traded up $1.61 on Wednesday, reaching $151.18. 1,227,213 shares of the company’s stock were exchanged, compared to its average volume of 1,890,061. The firm has a market capitalization of $47.23 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $150.88 and a 200-day moving average of $145.46.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Digital Realty Trust’s quarterly revenue was down .7% on a year-over-year basis. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.23%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.