Digital Realty Trust, Inc. $DLR Stock Sold by Integrity Alliance LLC.

Integrity Alliance LLC. lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 64.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,987 shares of the real estate investment trust’s stock after selling 5,531 shares during the quarter. Integrity Alliance LLC.’s holdings in Digital Realty Trust were worth $524,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Digital Realty Trust by 6.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 43,218 shares of the real estate investment trust’s stock worth $7,586,000 after acquiring an additional 2,618 shares during the period. Stiles Financial Services Inc lifted its holdings in Digital Realty Trust by 0.9% during the third quarter. Stiles Financial Services Inc now owns 18,961 shares of the real estate investment trust’s stock valued at $3,328,000 after purchasing an additional 163 shares during the last quarter. Greenleaf Trust lifted its holdings in Digital Realty Trust by 7.5% during the third quarter. Greenleaf Trust now owns 5,196 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 362 shares during the last quarter. Columbia Bank boosted its position in Digital Realty Trust by 2.4% during the third quarter. Columbia Bank now owns 6,861 shares of the real estate investment trust’s stock worth $1,204,000 after purchasing an additional 160 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Digital Realty Trust by 2.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,524 shares of the real estate investment trust’s stock worth $175,446,000 after purchasing an additional 23,695 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DLR. Citigroup boosted their price target on shares of Digital Realty Trust from $226.00 to $234.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $229.00 price objective on shares of Digital Realty Trust in a report on Friday, October 30th. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research note on Wednesday, July 15th. Truist Financial reduced their price objective on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of Digital Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $221.53.

Digital Realty Trust Stock Down 0.4%

Shares of NYSE DLR opened at $174.03 on Friday. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The business has a 50-day simple moving average of $180.10 and a two-hundred day simple moving average of $183.34. The company has a quick ratio of 1.06, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a market cap of $65.84 billion, a P/E ratio of 72.81, a P/E/G ratio of 3.40 and a beta of 0.97.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm earned $1.89 EPS. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust, Inc. will post 8.42 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 204.18%.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.