First United Bank & Trust Purchases 502 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

First United Bank & Trust grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,094 shares of the real estate investment trust’s stock after acquiring an additional 502 shares during the period. First United Bank & Trust’s holdings in Digital Realty Trust were worth $903,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLR. Adirondack Trust Co. lifted its holdings in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the period. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc boosted its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust during the 3rd quarter valued at $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the 4th quarter worth $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.9 %

Shares of Digital Realty Trust stock opened at $178.54 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company has a market cap of $59.22 billion, a price-to-earnings ratio of 150.03, a price-to-earnings-growth ratio of 4.48 and a beta of 0.64. The company’s 50 day moving average is $183.19 and its 200 day moving average is $166.90.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 earnings per share. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.73%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.32.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

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.