International Assets Investment Management LLC Trims Position in Digital Realty Trust, Inc. $DLR

International Assets Investment Management LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,888 shares of the real estate investment trust’s stock after selling 86 shares during the period. International Assets Investment Management LLC’s holdings in Digital Realty Trust were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $31,000. Key Financial Inc raised its holdings in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 138 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Shares of DLR opened at $172.57 on Thursday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market cap of $58.85 billion, a PE ratio of 45.29, a price-to-earnings-growth ratio of 4.83 and a beta of 0.96. The company’s 50 day simple moving average is $170.23 and its 200-day simple moving average is $168.29. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is 128.08%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James Financial boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price for the company in a research report on Monday. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Barclays lifted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.05.

Digital Realty Trust 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.