Vectors Research Management LLC Buys 2,930 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Vectors Research Management LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,507 shares of the real estate investment trust’s stock after purchasing an additional 2,930 shares during the quarter. Digital Realty Trust comprises 1.1% of Vectors Research Management LLC’s holdings, making the stock its 29th largest holding. Vectors Research Management LLC’s holdings in Digital Realty Trust were worth $3,082,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DLR. Robbins Farley grew its stake in Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust’s stock valued at $1,570,000 after acquiring an additional 71 shares during the period. Colonial Trust Co SC boosted its position in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 72 shares during the last quarter. Legacy Financial Advisors Inc. boosted its position in Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 74 shares during the last quarter. Quent Capital LLC boosted its position in Digital Realty Trust by 7.6% in the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 75 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in Digital Realty Trust by 0.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust’s stock worth $4,282,000 after purchasing an additional 80 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company’s stock in a transaction that occurred 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 owns 6,522 shares of the company’s stock, valued at $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 at the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

DLR opened at $177.55 on Tuesday. The stock has a 50-day moving average price of $166.91 and a 200-day moving average price of $165.00. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. 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 capitalization of $59.80 billion, a P/E ratio of 165.93, a PEG ratio of 2.67 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 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 firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned $1.67 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business 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 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DLR shares. Jefferies Financial Group reissued a “buy” rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Mizuho boosted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. New Street Research upgraded Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Bank of America initiated coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a “buy” rating and a $210.00 target price on the stock. Finally, Oppenheimer initiated coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $185.76.

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.