Digital Realty Trust, Inc. $DLR Shares Sold by MAI Capital Management

MAI Capital Management reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 48,118 shares of the real estate investment trust’s stock after selling 1,032 shares during the quarter. MAI Capital Management’s holdings in Digital Realty Trust were worth $8,388,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Tobam purchased a new stake in Digital Realty Trust during the second quarter worth $28,000. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust during the first quarter worth $26,000. AdvisorShares Investments LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth about $32,000. NewSquare Capital LLC lifted its stake in Digital Realty Trust by 149.3% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 112 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Digital Realty Trust by 163.5% in the second quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 121 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Down 0.3%

Digital Realty Trust stock opened at $157.14 on Friday. The stock’s fifty day moving average is $170.32 and its two-hundred day moving average is $170.89. The stock has a market cap of $53.98 billion, a PE ratio of 40.60, a P/E/G ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Analyst Ratings Changes

DLR has been the subject of a number of recent research reports. Citigroup increased their target price on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. TD Cowen increased their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Cowen restated a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Raymond James Financial lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Finally, Morgan Stanley began coverage on Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.14.

Digital Realty Trust Company 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.