Chilton Capital Management LLC Sells 2,765 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Chilton Capital Management LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,158 shares of the real estate investment trust’s stock after selling 2,765 shares during the quarter. Chilton Capital Management LLC’s holdings in Digital Realty Trust were worth $13,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Digital Realty Trust by 3.2% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 66 shares during the period. Robbins Farley boosted its position in shares of Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust’s stock valued at $1,570,000 after acquiring an additional 71 shares during the period. Colonial Trust Co SC boosted its position in shares of Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 72 shares during the period. Legacy Financial Advisors Inc. lifted its position in Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 74 shares during the period. Finally, Quent Capital LLC lifted its position in Digital Realty Trust by 7.6% in the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 75 shares during the period. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling 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 sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DLR shares. Citigroup reduced their target price 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. Bank of America started coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a “buy” rating and a $210.00 target price for the company. Oppenheimer started coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 target price for the company. New Street Research raised Digital Realty Trust to a “hold” rating in a research report on Monday, April 28th. Finally, Scotiabank reduced their target price 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $187.16.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $172.60 on Friday. 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 stock has a fifty day moving average price of $170.84 and a two-hundred day moving average price of $164.37. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market capitalization of $58.13 billion, a P/E ratio of 161.31, a P/E/G ratio of 2.63 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping 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 firm 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 posted $1.67 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid 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 dividend yield of 2.83%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 456.07%.

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.