Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Oak Asset Management LLC

Oak Asset Management LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,774 shares of the real estate investment trust’s stock after selling 154 shares during the period. Oak Asset Management LLC’s holdings in Digital Realty Trust were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DLR. Public Employees Retirement System of Ohio raised its position in shares of Digital Realty Trust by 1.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after purchasing an additional 9,158 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Digital Realty Trust by 17.7% in the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after purchasing an additional 35,456 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Digital Realty Trust by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after purchasing an additional 85,262 shares in the last quarter. Lyell Wealth Management LP raised its position in shares of Digital Realty Trust by 12.0% in the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after purchasing an additional 5,197 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Digital Realty Trust by 2.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock valued at $18,558,000 after purchasing an additional 2,840 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

DLR stock opened at $152.05 on Monday. The company has a 50-day simple moving average of $144.67 and a 200 day simple moving average of $141.72. The company has a market capitalization of $47.50 billion, a P/E ratio of 42.24, a PEG ratio of 19.91 and a beta of 0.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a fifty-two week low of $108.68 and a fifty-two week high of $154.18.

Digital Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Truist Financial upped their target price on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Morgan Stanley upped their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. HSBC upped their price target on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday, May 3rd. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a research report on Monday. They set a “buy” rating and a $175.00 price target on the stock. Finally, UBS Group upped their price target on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $149.42.

About Digital Realty Trust

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.