Chevy Chase Trust Holdings LLC Acquires 9,467 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Chevy Chase Trust Holdings LLC lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 177,211 shares of the real estate investment trust's stock after acquiring an additional 9,467 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Digital Realty Trust worth $26,945,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gradient Investments LLC lifted its holdings in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Rise Advisors LLC raised its position in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 180 shares during the period. GoalVest Advisory LLC purchased a new position in Digital Realty Trust in the 1st quarter worth $29,000. Bfsg LLC purchased a new position in Digital Realty Trust in the 4th quarter worth $31,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Digital Realty Trust in the 4th quarter worth $32,000. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DLR shares. Barclays lifted their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 24th. HSBC lifted their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a "reduce" rating in a research report on Friday, May 3rd. UBS Group lifted their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Truist Financial lifted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, Mizuho assumed coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an "outperform" rating and a $170.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $154.00.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company's stock, valued at $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Trading Up 0.5 %

Shares of NYSE DLR traded up $0.71 during midday trading on Wednesday, hitting $149.81. 1,480,067 shares of the company traded hands, compared to its average volume of 1,872,873. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78. The stock has a 50-day moving average price of $150.98 and a 200 day moving average price of $145.66. The firm has a market cap of $46.80 billion, a P/E ratio of 41.61, a P/E/G ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. Digital Realty Trust's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust's payout ratio is currently 135.56%.

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.