Digital Realty Trust (NYSE:DLR) Sees Unusually-High Trading Volume After Dividend Announcement

Digital Realty Trust, Inc. (NYSE:DLR) saw unusually-high trading volume on Wednesday after the company announced a dividend. Approximately 2,331,833 shares were traded during trading, an increase of 19% from the previous session’s volume of 1,962,503 shares.The stock last traded at $141.25 and had previously closed at $144.63.

The newly announced dividend which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.40%. Digital Realty Trust’s dividend payout ratio is 135.56%.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent research reports. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 16th. Morgan Stanley upped their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Truist Financial lifted their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Raymond James lifted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $142.65.

Digital Realty Trust Stock Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 39.87, a P/E/G ratio of 3.34 and a beta of 0.55. The firm has a fifty day simple moving average of $142.46 and a two-hundred day simple moving average of $137.94.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of large investors have recently bought and sold shares of the company. Schechter Investment Advisors LLC raised its stake in shares of Digital Realty Trust by 18.5% during the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 511 shares during the last quarter. Lyell Wealth Management LP raised its position in Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after acquiring an additional 5,197 shares in the last quarter. American Century Companies Inc. lifted its holdings in Digital Realty Trust by 2.8% in the third quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock valued at $87,209,000 after acquiring an additional 19,931 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Digital Realty Trust by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after purchasing an additional 85,262 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in Digital Realty Trust by 9.0% in the 4th quarter. Metis Global Partners LLC now owns 62,182 shares of the real estate investment trust’s stock worth $8,368,000 after purchasing an additional 5,157 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.