Fifth Third Bancorp Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Fifth Third Bancorp increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 42,924 shares of the real estate investment trust’s stock after buying an additional 3,876 shares during the quarter. Fifth Third Bancorp’s holdings in Digital Realty Trust were worth $6,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Colonial Trust Co SC boosted its stake in shares of Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 72 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 74 shares during the period. Quent Capital LLC boosted its stake in shares of Digital Realty Trust by 7.6% in the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 75 shares during the period. Avantax Advisory Services Inc. raised its holdings in Digital Realty Trust by 0.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust’s stock valued at $4,282,000 after acquiring an additional 80 shares in the last quarter. Finally, Werlinich Asset Management LLC raised its holdings in Digital Realty Trust by 0.9% in the first quarter. Werlinich Asset Management LLC now owns 9,313 shares of the real estate investment trust’s stock valued at $1,334,000 after acquiring an additional 80 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Mizuho cut their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Scotiabank cut their price target on shares of 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. Finally, Citigroup cut their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.10.

Digital Realty Trust Stock Down 1.3%

DLR stock opened at $174.24 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm’s 50-day simple moving average is $162.97 and its 200 day simple moving average is $166.08. The stock has a market cap of $58.68 billion, a PE ratio of 107.55, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.80%. Digital Realty Trust’s dividend payout ratio is presently 456.07%.

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.