Flagship Harbor Advisors LLC Buys 1,020 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Flagship Harbor Advisors LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 78.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,318 shares of the real estate investment trust’s stock after purchasing an additional 1,020 shares during the period. Flagship Harbor Advisors LLC’s holdings in Digital Realty Trust were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 0.9% in 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 period. Norges Bank purchased a new stake in Digital Realty Trust in the fourth quarter worth about $3,858,428,000. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 281,704 shares in the last quarter. Northern Trust Corp increased its position in Digital Realty Trust by 57.5% during 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DLR shares. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a “buy” rating and a $210.00 price objective on the stock. New Street Research upgraded Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Oppenheimer assumed coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $185.76.

Digital Realty Trust Trading Down 3.1%

NYSE DLR opened at $172.12 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a fifty day simple moving average of $168.02 and a two-hundred day simple moving average of $165.14. 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 stock has a market cap of $57.97 billion, a P/E ratio of 160.86, a P/E/G ratio of 2.70 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.84%. 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 on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

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.