Digital Realty Trust, Inc. $DLR Shares Sold by Integrity Alliance LLC.

Integrity Alliance LLC. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 64.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,987 shares of the real estate investment trust’s stock after selling 5,531 shares during the quarter. Integrity Alliance LLC.’s holdings in Digital Realty Trust were worth $524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Montecito Bank & Trust grew its holdings in Digital Realty Trust by 413.2% during the third quarter. Montecito Bank & Trust now owns 22,915 shares of the real estate investment trust’s stock worth $4,022,000 after buying an additional 18,450 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Digital Realty Trust by 88.0% during the 2nd quarter. NewEdge Advisors LLC now owns 43,832 shares of the real estate investment trust’s stock valued at $7,871,000 after acquiring an additional 20,513 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Digital Realty Trust by 40.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust’s stock valued at $15,978,000 after acquiring an additional 25,667 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in Digital Realty Trust during the 2nd quarter valued at $3,286,000. Finally, Galaxy Digital Capital Management GP LLC purchased a new position in Digital Realty Trust during the 2nd quarter worth $2,837,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $229.00 target price on shares of Digital Realty Trust in a report on Monday, July 27th. Truist Financial dropped their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BTIG Research boosted their price target on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.53.

Digital Realty Trust Stock Performance

Shares of DLR opened at $174.03 on Friday. The stock has a 50 day moving average of $180.10 and a 200 day moving average of $183.34. The company has a market capitalization of $65.84 billion, a price-to-earnings ratio of 72.81, a PEG ratio of 3.40 and a beta of 0.97. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The company has a current ratio of 0.72, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 EPS. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.42 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s payout ratio is presently 204.18%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.