Smith Anglin Financial LLC Sells 346 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Smith Anglin Financial LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 12.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,490 shares of the real estate investment trust’s stock after selling 346 shares during the quarter. Smith Anglin Financial LLC’s holdings in Digital Realty Trust were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sentry Investment Management LLC lifted its position in Digital Realty Trust by 2.2% during the second quarter. Sentry Investment Management LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 65 shares during the period. Mid Atlantic Financial Management Inc. ADV lifted its position in Digital Realty Trust by 2.5% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,863 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 69 shares during the period. Veritable L.P. lifted its position in Digital Realty Trust by 0.9% during the first quarter. Veritable L.P. now owns 8,545 shares of the real estate investment trust’s stock valued at $1,203,000 after purchasing an additional 74 shares during the period. SeaBridge Investment Advisors LLC lifted its position in Digital Realty Trust by 1.8% during the second quarter. SeaBridge Investment Advisors LLC now owns 4,237 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 76 shares during the period. Finally, Slow Capital Inc. lifted its position in Digital Realty Trust by 4.7% during the second quarter. Slow Capital Inc. now owns 1,765 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 79 shares during the period. Institutional investors own 96.04% of the company’s stock.

Shares of NYSE:DLR traded up $2.05 on Wednesday, reaching $156.26. The company’s stock had a trading volume of 31,317 shares, compared to its average volume of 1,440,081. Digital Realty Trust, Inc. has a 52-week low of $124.65 and a 52-week high of $168.30. The company has a market cap of $44.16 billion, a P/E ratio of 86.15, a PEG ratio of 3.52 and a beta of 0.12. The company has a 50-day simple moving average of $158.37 and a 200 day simple moving average of $151.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.55 and a current ratio of 0.55.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($1.13). Digital Realty Trust had a return on equity of 3.52% and a net margin of 13.22%. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $4.64 annualized dividend and a dividend yield of 2.97%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 74.60%.

DLR has been the topic of several recent research reports. Barclays increased their price target on shares of Digital Realty Trust from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 25th. Citigroup increased their price target on shares of Digital Realty Trust from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 price target on the stock. in a research report on Thursday, July 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Digital Realty Trust from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $165.69.

In related news, EVP David C. Ruberg sold 55,212 shares of Digital Realty Trust stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $166.11, for a total transaction of $9,171,265.32. Following the completion of the sale, the executive vice president now owns 6,666 shares in the company, valued at approximately $1,107,289.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO A William Stein sold 22,324 shares of Digital Realty Trust stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $168.05, for a total transaction of $3,751,548.20. The disclosure for this sale can be found here. Insiders sold a total of 204,534 shares of company stock valued at $33,852,311 in the last 90 days. Company insiders own 0.52% of the company’s stock.

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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