Argentarii LLC Purchases 324 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Argentarii LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% in the first quarter, Holdings Channel reports. The firm owned 11,963 shares of the real estate investment trust’s stock after purchasing an additional 324 shares during the period. Digital Realty Trust comprises 0.9% of Argentarii LLC’s holdings, making the stock its 28th largest position. Argentarii LLC’s holdings in Digital Realty Trust were worth $1,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock worth $9,124,193,000 after purchasing an additional 469,823 shares in the last quarter. Norges Bank acquired a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,858,428,000. Geode Capital Management LLC boosted its stake in Digital Realty Trust by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock worth $1,508,612,000 after purchasing an additional 281,704 shares in the last quarter. Northern Trust Corp boosted its stake in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Digital Realty Trust by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust’s stock worth $854,661,000 after purchasing an additional 492,692 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director owned 6,522 shares of the company’s stock, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Digital Realty Trust Trading Up 0.3%

Shares of DLR stock opened at $172.60 on Friday. The company’s 50-day moving average price is $170.84 and its 200-day moving average price is $164.37. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market cap of $58.13 billion, a price-to-earnings ratio of 161.31, a PEG ratio of 2.63 and a beta of 0.95. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.83%. Digital Realty Trust’s payout ratio is currently 456.07%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Jefferies Financial Group restated a “buy” rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Citigroup decreased their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Mizuho lifted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Finally, New Street Research upgraded shares of Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.16.

About Digital Realty Trust

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.