Smith Anglin Financial LLC Sells 346 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Smith Anglin Financial LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 12.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,490 shares of the real estate investment trust’s stock after selling 346 shares during the period. Smith Anglin Financial LLC’s holdings in Digital Realty Trust were worth $375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Digital Realty Trust by 2.6% during the first quarter. Franklin Resources Inc. now owns 134,317 shares of the real estate investment trust’s stock worth $18,917,000 after acquiring an additional 3,384 shares in the last quarter. Alliancebernstein L.P. increased its position in Digital Realty Trust by 2.9% during the first quarter. Alliancebernstein L.P. now owns 878,294 shares of the real estate investment trust’s stock worth $123,699,000 after buying an additional 24,887 shares during the last quarter. QS Investors LLC increased its position in Digital Realty Trust by 11.1% during the first quarter. QS Investors LLC now owns 16,021 shares of the real estate investment trust’s stock worth $2,257,000 after buying an additional 1,600 shares during the last quarter. Ameriprise Financial Inc. increased its position in Digital Realty Trust by 6.3% during the first quarter. Ameriprise Financial Inc. now owns 3,395,864 shares of the real estate investment trust’s stock worth $478,211,000 after buying an additional 201,697 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Digital Realty Trust by 1.1% during the first quarter. Principal Financial Group Inc. now owns 2,264,856 shares of the real estate investment trust’s stock worth $318,981,000 after buying an additional 24,881 shares during the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

DLR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 price target on the stock. in a research report on Thursday, July 15th. Citigroup boosted their price target on Digital Realty Trust from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. Barclays boosted their price target on Digital Realty Trust from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Digital Realty Trust from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $165.69.

In other Digital Realty Trust news, CEO A William Stein sold 22,324 shares of the company’s stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $168.05, for a total transaction of $3,751,548.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David C. Ruberg sold 55,212 shares of the stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $166.11, for a total value of $9,171,265.32. Following the completion of the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,107,289.26. The disclosure for this sale can be found here. Insiders have sold 204,534 shares of company stock valued at $33,852,311 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

NYSE DLR traded up $2.05 on Wednesday, hitting $156.26. 31,317 shares of the company’s stock were exchanged, compared to its average volume of 1,440,081. The stock has a 50-day moving average of $158.37 and a 200-day moving average of $151.10. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52 week low of $124.65 and a 52 week high of $168.30. The stock has a market cap of $44.16 billion, a price-to-earnings ratio of 86.15, a P/E/G ratio of 3.52 and a beta of 0.12.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 29th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($1.13). Digital Realty Trust had a return on equity of 3.52% and a net margin of 13.22%. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 14th. Digital Realty Trust’s payout ratio is presently 74.60%.

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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