First United Bank & Trust Has $233,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

First United Bank & Trust lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 68.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,627 shares of the real estate investment trust’s stock after selling 3,467 shares during the period. First United Bank & Trust’s holdings in Digital Realty Trust were worth $233,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth $29,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth $35,000. Centricity Wealth Management LLC bought a new position in Digital Realty Trust in the fourth quarter valued at approximately $37,000. Millstone Evans Group LLC bought a new position in Digital Realty Trust during the 4th quarter worth about $43,000. Finally, SRS Capital Advisors Inc. boosted its position in Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

DLR opened at $175.76 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average price is $161.40 and its 200 day moving average price is $166.33. The firm has a market capitalization of $59.20 billion, a PE ratio of 108.50, a PEG ratio of 4.38 and a beta of 0.95. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.67 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, June 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 456.07%.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research analyst reports. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Mizuho decreased their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $185.10.

Digital Realty Trust 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.