Digital Realty Trust Inc. (NYSE:DLR) SVP Joshua A. Mills sold 4,519 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $92.22, for a total transaction of $416,742.18. Following the sale, the senior vice president now owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Digital Realty Trust Inc. (NYSE:DLR) opened at 98.09 on Friday. The firm’s 50-day moving average is $98.98 and its 200-day moving average is $96.84. Digital Realty Trust Inc. has a 12-month low of $62.42 and a 12-month high of $113.21. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 217.98 and a beta of 0.34.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. Digital Realty Trust had a net margin of 7.82% and a return on equity of 5.02%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. On average, equities analysts predict that Digital Realty Trust Inc. will post $5.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Tuesday, September 13th. Digital Realty Trust’s payout ratio is 765.22%.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 16.9% in the second quarter. Vanguard Group Inc. now owns 25,877,906 shares of the real estate investment trust’s stock worth $2,820,434,000 after buying an additional 3,744,997 shares during the last quarter. State Street Corp increased its stake in shares of Digital Realty Trust by 61.0% in the second quarter. State Street Corp now owns 8,456,749 shares of the real estate investment trust’s stock worth $921,701,000 after buying an additional 3,203,272 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Digital Realty Trust by 5.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,635,394 shares of the real estate investment trust’s stock worth $614,202,000 after buying an additional 276,548 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Digital Realty Trust by 7.7% in the second quarter. Daiwa Securities Group Inc. now owns 4,733,460 shares of the real estate investment trust’s stock worth $515,900,000 after buying an additional 339,330 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Digital Realty Trust by 10.8% in the second quarter. BlackRock Fund Advisors now owns 4,670,897 shares of the real estate investment trust’s stock worth $509,081,000 after buying an additional 453,526 shares during the last quarter.

A number of research firms have recently issued reports on DLR. Citigroup Inc. cut their target price on shares of Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Jefferies Group reiterated a “buy” rating and issued a $108.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, July 6th. Deutsche Bank AG lifted their price objective on shares of Digital Realty Trust from $114.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. KeyCorp reiterated a “buy” rating and issued a $121.00 price objective on shares of Digital Realty Trust in a research note on Friday, July 29th. Finally, Cowen and Company cut shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $97.35.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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