Silver Oak Securities Incorporated Sells 268 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Silver Oak Securities Incorporated lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,796 shares of the real estate investment trust’s stock after selling 268 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Digital Realty Trust were worth $966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Invesco Ltd. grew its position in Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock valued at $692,630,000 after acquiring an additional 607,132 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after purchasing an additional 527 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Digital Realty Trust by 136.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust’s stock valued at $34,321,000 after purchasing an additional 111,811 shares during the last quarter. QRG Capital Management Inc. increased its position in Digital Realty Trust by 13.9% during the 4th quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust’s stock worth $6,756,000 after purchasing an additional 4,662 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Digital Realty Trust by 31.0% in the 4th quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust’s stock valued at $7,649,000 after purchasing an additional 10,210 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the 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 transaction, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $176.53 on Thursday. The business has a 50-day moving average price of $165.00 and a two-hundred day moving average price of $165.68. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The company has a market cap of $59.45 billion, a P/E ratio of 164.98, a PEG ratio of 2.68 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last released its 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 analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 2.76%. The ex-dividend date is Friday, June 13th. Digital Realty Trust’s payout ratio is 456.07%.

Analyst Ratings Changes

A number of analysts have weighed in on DLR shares. Oppenheimer began coverage on shares of 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. Scotiabank reduced their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their target price on Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a report on Monday, May 12th. Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $185.76.

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.