Summit Place Financial Advisors LLC Purchases 300 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Summit Place Financial Advisors LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 12.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,800 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the period. Summit Place Financial Advisors LLC’s holdings in Digital Realty Trust were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DLR. D.A. Davidson & CO. raised its stake in Digital Realty Trust by 1.7% in the first quarter. D.A. Davidson & CO. now owns 32,614 shares of the real estate investment trust’s stock valued at $4,673,000 after purchasing an additional 530 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Digital Realty Trust by 1.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,221 shares of the real estate investment trust’s stock valued at $3,900,000 after buying an additional 520 shares during the period. Teacher Retirement System of Texas raised its position in shares of Digital Realty Trust by 48.1% in the 1st quarter. Teacher Retirement System of Texas now owns 63,863 shares of the real estate investment trust’s stock valued at $9,151,000 after buying an additional 20,727 shares in the last quarter. Elmwood Wealth Management Inc. lifted its holdings in shares of Digital Realty Trust by 17.8% during the 1st quarter. Elmwood Wealth Management Inc. now owns 3,060 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 463 shares during the period. Finally, Arbor Capital Management Inc. ADV lifted its holdings in shares of Digital Realty Trust by 5.3% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 8,398 shares of the real estate investment trust’s stock worth $1,229,000 after acquiring an additional 420 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial lowered their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a research report on Monday, May 12th. New Street Research upgraded Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Citigroup dropped their price objective on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. 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 note on Tuesday, April 22nd. Finally, Mizuho lifted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $187.16.

Digital Realty Trust Trading Up 0.6%

DLR opened at $172.20 on Thursday. The company’s 50 day moving average price is $170.22 and its two-hundred day moving average price is $164.63. The firm has a market capitalization of $58.00 billion, a price-to-earnings ratio of 160.93, a PEG ratio of 2.60 and a beta of 0.95. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. Digital Realty Trust’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share. As a group, research analysts predict 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, June 13th. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the company’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 of the company’s stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.