SG Americas Securities LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 74.6% in the first quarter, HoldingsChannel reports. The firm owned 74,102 shares of the real estate investment trust’s stock after selling 217,204 shares during the period. SG Americas Securities LLC’s holdings in Digital Realty Trust were worth $13,354,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. South Plains Financial Inc. raised its holdings in Digital Realty Trust by 25.7% in the fourth quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 56 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Digital Realty Trust by 2.6% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 61 shares in the last quarter. PDS Planning Inc grew its position in shares of Digital Realty Trust by 3.6% in the 4th quarter. PDS Planning Inc now owns 1,785 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 62 shares during the last quarter. Clarius Group LLC raised its stake in shares of Digital Realty Trust by 3.2% during the 4th quarter. Clarius Group LLC now owns 2,024 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 63 shares in the last quarter. Finally, Commons Capital LLC raised its stake in shares of Digital Realty Trust by 4.6% during the 3rd quarter. Commons Capital LLC now owns 1,463 shares of the real estate investment trust’s stock worth $253,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Trading Up 0.4%
NYSE DLR opened at $193.16 on Friday. The company has a fifty day moving average of $192.20 and a 200 day moving average of $177.43. The company has a market capitalization of $67.88 billion, a PE ratio of 50.97, a P/E/G ratio of 5.23 and a beta of 1.02. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.22 dividend. The ex-dividend date is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio is 128.76%.
Analyst Ratings Changes
DLR has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Digital Realty Trust from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Citizens Jmp upped their price target on Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research report on Monday, April 27th. Citigroup reissued an “outperform” rating on shares of Digital Realty Trust in a research report on Monday, April 27th. Truist Financial increased their price target on Digital Realty Trust from $208.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen increased their price objective on shares of Digital Realty Trust from $185.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $216.52.
Get Our Latest Report on Digital Realty Trust
Digital Realty Trust Company Profile
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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