International Assets Investment Management LLC Increases Position in Digital Realty Trust, Inc. (NYSE:DLR)

International Assets Investment Management LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 45.8% in the 1st quarter, Holdings Channel reports. The fund owned 1,974 shares of the real estate investment trust’s stock after purchasing an additional 620 shares during the period. International Assets Investment Management LLC’s holdings in Digital Realty Trust were worth $283,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DLR. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the first quarter worth approximately $38,000. SRS Capital Advisors Inc. raised its stake in Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 201 shares during the period. Millstone Evans Group LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $43,000. Finally, Grove Bank & Trust boosted its holdings in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 230 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.0%

Shares of NYSE DLR opened at $171.34 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The stock’s 50-day simple moving average is $168.80 and its 200-day simple moving average is $164.91. The firm has a market cap of $57.70 billion, a price-to-earnings ratio of 160.13, a PEG ratio of 2.58 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed 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 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was 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 directly owns 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DLR shares. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Scotiabank lowered their price target on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price target on 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. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an “outperform” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $186.55.

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.