Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Ibex Wealth Advisors

Ibex Wealth Advisors raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,619 shares of the real estate investment trust’s stock after acquiring an additional 671 shares during the quarter. Ibex Wealth Advisors’ holdings in Digital Realty Trust were worth $5,534,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after buying an additional 469,823 shares during the last quarter. Norges Bank acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $3,858,428,000. Geode Capital Management LLC raised its stake in shares of Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after buying an additional 281,704 shares during the last quarter. Northern Trust Corp raised its stake in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Digital Realty Trust by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust’s stock valued at $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Bank of America assumed coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a “buy” rating and a $210.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Citigroup cut their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Truist Financial dropped their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.10.

Digital Realty Trust Stock Down 0.1%

DLR opened at $176.69 on Tuesday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The business has a 50-day moving average of $159.90 and a 200-day moving average of $166.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a market capitalization of $59.51 billion, a PE ratio of 109.07, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business earned $1.67 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust’s payout ratio is 456.07%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust 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 value of $30,887.50. Following the sale, the director now owns 6,522 shares of the company’s stock, 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 this link. 0.13% of the stock is owned by company 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.