Bessemer Group Inc. Sells 28,940 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Bessemer Group Inc. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 69.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,734 shares of the real estate investment trust’s stock after selling 28,940 shares during the quarter. Bessemer Group Inc.’s holdings in Digital Realty Trust were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Digital Realty Trust during the 4th quarter valued at approximately $3,858,428,000. Northern Trust Corp boosted its position in Digital Realty Trust by 57.5% during 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 acquiring an additional 1,854,748 shares in the last quarter. Deutsche Bank AG boosted its position in Digital Realty Trust by 66.6% during 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 acquiring an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC boosted its position in Digital Realty Trust by 13,842.2% during 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 acquiring an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Digital Realty Trust during the 4th quarter valued at approximately $182,126,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR opened at $171.34 on Friday. The firm has a market cap of $57.70 billion, a PE ratio of 160.13, a P/E/G ratio of 2.61 and a beta of 0.95. 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 firm has a fifty day simple moving average of $168.80 and a two-hundred day simple moving average of $164.76. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, June 13th. Digital Realty Trust’s payout ratio is 456.07%.

Analysts Set New Price Targets

Several research firms have weighed in on DLR. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Jefferies Financial Group reissued a “buy” rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Oppenheimer began coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $186.55.

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 stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now directly owns 6,522 shares in the company, 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 this link. 0.13% of the stock is currently owned by company insiders.

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.