Beech Hill Advisors Inc. Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Beech Hill Advisors Inc. increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,779 shares of the real estate investment trust's stock after purchasing an additional 3,437 shares during the quarter. Digital Realty Trust makes up 1.5% of Beech Hill Advisors Inc.'s portfolio, making the stock its 23rd biggest holding. Beech Hill Advisors Inc.'s holdings in Digital Realty Trust were worth $3,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Western Wealth Management LLC increased its holdings in Digital Realty Trust by 27.4% in the 1st quarter. Western Wealth Management LLC now owns 4,780 shares of the real estate investment trust's stock valued at $685,000 after acquiring an additional 1,029 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Digital Realty Trust by 255.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 89,564 shares of the real estate investment trust's stock worth $12,834,000 after buying an additional 64,363 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Digital Realty Trust by 46.4% during the first quarter. Sequoia Financial Advisors LLC now owns 26,640 shares of the real estate investment trust's stock valued at $3,817,000 after buying an additional 8,444 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Digital Realty Trust during the 1st quarter valued at approximately $49,000. Finally, Golden State Wealth Management LLC increased its stake in Digital Realty Trust by 197.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,033 shares of the real estate investment trust's stock worth $148,000 after acquiring an additional 686 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 1.5%

Shares of Digital Realty Trust stock traded down $2.59 on Thursday, hitting $169.66. 4,734,137 shares of the company traded hands, compared to its average volume of 2,013,000. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The company has a market cap of $57.14 billion, a PE ratio of 158.56, a PEG ratio of 2.70 and a beta of 0.95. The stock's 50 day moving average price is $168.02 and its 200-day moving average price is $165.14. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DLR shares. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target for the company. Citigroup reduced their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.76.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.