Digital Realty Trust, Inc. (NYSE:DLR) Stake Trimmed by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,113 shares of the real estate investment trust’s stock after selling 1,087 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Digital Realty Trust were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Digital Realty Trust by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 47,552,026 shares of the real estate investment trust’s stock worth $6,399,552,000 after acquiring an additional 161,178 shares during the period. Norges Bank acquired a new stake in Digital Realty Trust during the 4th quarter worth about $2,141,890,000. Principal Financial Group Inc. boosted its position in Digital Realty Trust by 1.7% during the 4th quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after acquiring an additional 97,509 shares during the period. Morgan Stanley boosted its position in Digital Realty Trust by 6.8% during the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock worth $535,658,000 after acquiring an additional 282,825 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Digital Realty Trust by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after acquiring an additional 85,262 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 2.2 %

DLR opened at $152.05 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day moving average price of $144.67 and a 200 day moving average price of $141.63. The firm has a market cap of $47.50 billion, a P/E ratio of 42.24, a price-to-earnings-growth ratio of 19.47 and a beta of 0.57. Digital Realty Trust, Inc. has a twelve month low of $108.68 and a twelve month high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Wall Street Analyst Weigh In

A number of brokerages have commented on DLR. Truist Financial raised their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $144.00 to $170.00 in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.00.

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.