Washington Trust Bank raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 28,831 shares of the real estate investment trust’s stock after buying an additional 457 shares during the period. Washington Trust Bank’s holdings in Digital Realty Trust were worth $3,067,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DLR. Chicago Equity Partners LLC raised its stake in Digital Realty Trust by 3.5% in the third quarter. Chicago Equity Partners LLC now owns 265,025 shares of the real estate investment trust’s stock worth $25,739,000 after buying an additional 8,840 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Digital Realty Trust by 21.7% in the third quarter. Suntrust Banks Inc. now owns 205,927 shares of the real estate investment trust’s stock valued at $19,998,000 after buying an additional 36,665 shares during the period. APG Asset Management US Inc. raised its position in shares of Digital Realty Trust by 9.5% in the third quarter. APG Asset Management US Inc. now owns 4,053,696 shares of the real estate investment trust’s stock valued at $393,695,000 after buying an additional 350,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Digital Realty Trust by 64.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 531,686 shares of the real estate investment trust’s stock valued at $51,637,000 after buying an additional 207,846 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Digital Realty Trust by 0.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 116,915 shares of the real estate investment trust’s stock valued at $11,355,000 after buying an additional 364 shares during the period.

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

Digital Realty Trust, Inc. (NYSE:DLR) traded up 0.68% during mid-day trading on Tuesday, hitting $112.00. The company had a trading volume of 946,031 shares. Digital Realty Trust, Inc. has a 52-week low of $85.50 and a 52-week high of $113.21. The company has a 50-day moving average price of $106.07 and a 200 day moving average price of $99.71. The company has a market capitalization of $17.84 billion, a P/E ratio of 50.91 and a beta of 0.12.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 16th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by $0.94. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The company earned $577 million during the quarter, compared to analyst estimates of $551.48 million. During the same period last year, the business earned $0.79 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust, Inc. will post $1.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a $0.93 dividend. The ex-dividend date was Monday, March 13th. This is an increase from Digital Realty Trust’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.34%. Digital Realty Trust’s dividend payout ratio (DPR) is 246.15%.

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Several research analysts have commented on DLR shares. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price objective on shares of Digital Realty Trust in a report on Tuesday, January 3rd. Canaccord Genuity reissued a “buy” rating and set a $105.00 price objective (up from $102.00) on shares of Digital Realty Trust in a research report on Friday, December 23rd. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, February 17th. Jefferies Group LLC cut their price objective on shares of Digital Realty Trust from $106.00 to $105.00 and set a “hold” rating on the stock in a research report on Friday, February 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $106.00 price target (down previously from $108.00) on shares of Digital Realty Trust in a report on Monday, January 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $110.00.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,217 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $107.00, for a total value of $451,219.00. Following the completion of the sale, the senior vice president now directly owns 8,383 shares of the company’s stock, valued at approximately $896,981. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua A. Mills sold 4,189 shares of the firm’s stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $110.00, for a total value of $460,790.00. Following the completion of the sale, the senior vice president now directly owns 4,286 shares of the company’s stock, valued at $471,460. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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.

5 Day Chart for NYSE:DLR

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