Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 24.0% in the first quarter, Holdings Channel reports. The fund owned 19,049 shares of the real estate investment trust’s stock after selling 6,011 shares during the period. Gulf International Bank UK Ltd’s holdings in Digital Realty Trust were worth $2,729,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $26,000. Key Financial Inc boosted its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 138 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. GKV Capital Management Co. Inc. purchased a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. Finally, Grove Bank & Trust boosted its position in shares of Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other 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 completion of the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. Scotiabank decreased their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Bank of America began coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a “buy” rating and a $210.00 price target on the stock. Citigroup reiterated a “buy” rating and set a $200.00 price target (up from $174.00) on shares of Digital Realty Trust in a research note on Monday, July 28th. Finally, Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $190.68.

Digital Realty Trust Stock Performance

Shares of DLR opened at $168.59 on Thursday. The company’s 50 day moving average price is $174.06 and its 200 day moving average price is $163.47. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a market capitalization of $57.50 billion, a PE ratio of 44.25, a PEG ratio of 4.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s payout ratio is presently 128.08%.

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.