Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,174 shares of the real estate investment trust’s stock after selling 2,094 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Digital Realty Trust were worth $2,891,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its position in shares of Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock worth $692,630,000 after purchasing an additional 607,132 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Digital Realty Trust by 136.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust’s stock worth $34,321,000 after purchasing an additional 111,811 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Digital Realty Trust by 13.9% during the 4th quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust’s stock worth $6,756,000 after purchasing an additional 4,662 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Digital Realty Trust by 31.0% during the 4th quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust’s stock worth $7,649,000 after purchasing an additional 10,210 shares during the last quarter. Finally, Prudential PLC raised its position in shares of Digital Realty Trust by 14.0% during the 4th quarter. Prudential PLC now owns 56,156 shares of the real estate investment trust’s stock worth $9,958,000 after purchasing an additional 6,910 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business’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 transaction, the director now owns 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Up 1.0%

Shares of Digital Realty Trust stock opened at $171.34 on Friday. The company has a fifty day moving average price of $168.80 and a 200 day moving average price of $164.91. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market cap of $57.70 billion, a price-to-earnings ratio of 160.13, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. 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 company earned $1.67 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company 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. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.85%. Digital Realty Trust’s dividend payout ratio is currently 456.07%.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of 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. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Scotiabank lowered their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial lowered their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.55.

About Digital Realty Trust

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.