Delta Capital Management LLC Has $1.78 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Delta Capital Management LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 12,445 shares of the real estate investment trust’s stock after selling 250 shares during the period. Delta Capital Management LLC’s holdings in Digital Realty Trust were worth $1,783,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $29,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $35,000. Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $37,000. Millstone Evans Group LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at about $43,000. Finally, SRS Capital Advisors Inc. boosted its stake in Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 201 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLR has been the topic of a number of recent research reports. Bank of America initiated coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a “buy” rating and a $210.00 price target on the stock. Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. Citigroup lowered their price objective on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group restated a “buy” rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Barclays lowered their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $185.10.

Digital Realty Trust Trading Up 0.3%

Shares of Digital Realty Trust stock opened at $176.34 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock has a 50 day moving average price of $162.20 and a two-hundred day moving average price of $166.22. The stock has a market capitalization of $59.39 billion, a PE ratio of 108.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.77%. Digital Realty Trust’s payout ratio is 456.07%.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director now owns 6,522 shares of the company’s stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

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.