Digital Realty Trust, Inc. $DLR Shares Acquired by Decatur Capital Management Inc.

Decatur Capital Management Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,312 shares of the real estate investment trust’s stock after purchasing an additional 61 shares during the quarter. Digital Realty Trust makes up 1.2% of Decatur Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Decatur Capital Management Inc.’s holdings in Digital Realty Trust were worth $2,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DLR. Nvwm LLC boosted its position in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 60 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its position in Digital Realty Trust by 3.2% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 66 shares during the last quarter. Probity Advisors Inc. boosted its position in Digital Realty Trust by 1.5% during the first quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust’s stock worth $687,000 after acquiring an additional 70 shares during the last quarter. Robbins Farley boosted its position in Digital Realty Trust by 0.7% during the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust’s stock worth $1,570,000 after acquiring an additional 71 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, June 17th. Guggenheim began coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Citigroup reiterated a “buy” rating and issued a $200.00 target price (up from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Finally, Raymond James Financial boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $190.68.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $165.03 on Tuesday. The firm has a market cap of $56.28 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $173.43 and its two-hundred day moving average is $163.53.

Digital Realty Trust (NYSE:DLR) last released its 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

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.