Digital Realty Trust, Inc. (NYSE:DLR) Position Reduced by Chilton Capital Management LLC

Chilton Capital Management LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,158 shares of the real estate investment trust’s stock after selling 2,765 shares during the quarter. Chilton Capital Management LLC’s holdings in Digital Realty Trust were worth $13,502,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after buying an additional 469,823 shares in the last quarter. Norges Bank purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $3,858,428,000. Geode Capital Management LLC lifted its stake in Digital Realty Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock valued at $1,508,612,000 after buying an additional 281,704 shares in the last quarter. Northern Trust Corp lifted its stake in Digital Realty Trust by 57.5% during the fourth 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Digital Realty Trust by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust’s stock valued at $854,661,000 after buying an additional 492,692 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Digital Realty Trust Trading Up 0.3%

NYSE:DLR opened at $172.60 on Friday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The stock’s 50 day moving average price is $170.84 and its 200 day moving average price is $164.37. The company has a market capitalization of $58.13 billion, a P/E ratio of 161.31, a P/E/G ratio of 2.63 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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.83%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 456.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLR. Barclays dropped their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Oppenheimer began coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 target price on the stock. Scotiabank dropped their target price on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Bank of America began coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a “buy” rating and a $210.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.16.

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.