Digital Realty Trust (NYSE:DLR) Sees Unusually-High Trading Volume

Shares of Digital Realty Trust, Inc. (NYSE:DLR) saw unusually-high trading volume on Wednesday . Approximately 2,331,833 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 1,962,503 shares.The stock last traded at $141.25 and had previously closed at $144.63.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DLR. HSBC upped their price target on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday, May 3rd. Barclays lifted their target price on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Truist Financial increased their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $142.65.

Digital Realty Trust Stock Down 2.8 %

The stock has a market capitalization of $43.92 billion, a P/E ratio of 40.18, a PEG ratio of 3.34 and a beta of 0.55. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $142.51 and a two-hundred day simple moving average of $137.93.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds have recently made changes to their positions in DLR. ProShare Advisors LLC increased its stake in Digital Realty Trust by 2.1% during the 1st quarter. ProShare Advisors LLC now owns 52,521 shares of the real estate investment trust’s stock worth $7,565,000 after buying an additional 1,056 shares during the period. Russell Investments Group Ltd. raised its position in shares of Digital Realty Trust by 4.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,213,433 shares of the real estate investment trust’s stock valued at $318,777,000 after purchasing an additional 94,599 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of Digital Realty Trust by 64.8% during the first quarter. Legacy Capital Group California Inc. now owns 8,554 shares of the real estate investment trust’s stock worth $1,232,000 after purchasing an additional 3,364 shares during the period. Inspire Investing LLC lifted its holdings in shares of Digital Realty Trust by 16.9% in the 1st quarter. Inspire Investing LLC now owns 38,497 shares of the real estate investment trust’s stock worth $5,545,000 after purchasing an additional 5,558 shares during the last quarter. Finally, Capital Square LLC increased its holdings in shares of Digital Realty Trust by 7.9% in the 1st quarter. Capital Square LLC now owns 16,948 shares of the real estate investment trust’s stock valued at $2,441,000 after purchasing an additional 1,247 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.