Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 27.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 30,707 shares of the real estate investment trust’s stock after acquiring an additional 6,610 shares during the period. Assenagon Asset Management S.A.’s holdings in Digital Realty Trust were worth $4,400,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth $3,858,428,000. Northern Trust Corp boosted its position in Digital Realty Trust by 57.5% in 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 buying an additional 1,854,748 shares during the last quarter. Deutsche Bank AG boosted its position in Digital Realty Trust by 66.6% in the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock valued at $546,499,000 after buying an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC boosted its position in Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust’s stock valued at $162,080,000 after buying an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Digital Realty Trust during the fourth quarter worth about $182,126,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup reduced their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Bank of America assumed coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a “buy” rating and a $210.00 price target on the stock. Mizuho reduced their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Oppenheimer initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an “outperform” rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.10.

Digital Realty Trust Stock Down 1.3%

DLR opened at $174.24 on Monday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The stock has a market cap of $58.68 billion, a P/E ratio of 107.55, a P/E/G ratio of 4.38 and a beta of 0.95. The stock’s 50 day moving average price is $162.97 and its 200 day moving average price is $165.67.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, June 13th. Digital Realty Trust’s payout ratio is currently 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm’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 sale, the director now directly owns 6,522 shares of the company’s stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

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.