Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 11.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,830,221 shares of the real estate investment trust’s stock after selling 248,096 shares during the quarter. Russell Investments Group Ltd.’s holdings in Digital Realty Trust were worth $262,121,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DLR. Nuveen LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at $342,389,000. Northern Trust Corp grew its holdings in shares of Digital Realty Trust by 57.5% during the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after purchasing an additional 1,854,748 shares during the period. Deutsche Bank AG grew its holdings in shares of Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock worth $546,499,000 after purchasing an additional 1,232,043 shares during the period. GAMMA Investing LLC grew its holdings in shares of Digital Realty Trust by 13,842.2% during the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust’s stock worth $162,080,000 after purchasing an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $182,126,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm’s 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 owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Stifel Nicolaus increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Oppenheimer assumed coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They set an “outperform” rating and a $200.00 target price on the stock. Raymond James Financial increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Finally, Bank of America assumed coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a “buy” rating and a $210.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $190.68.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $168.81 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a market capitalization of $57.57 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 4.89 and a beta of 0.92. The stock’s 50-day simple moving average is $174.31 and its 200-day simple moving average is $163.39.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust’s dividend payout ratio is presently 128.08%.

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.