Janney Montgomery Scott LLC Decreases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Janney Montgomery Scott LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,552 shares of the real estate investment trust's stock after selling 7,974 shares during the period. Janney Montgomery Scott LLC's holdings in Digital Realty Trust were worth $6,097,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DLR. Access Financial Services Inc. lifted its stake in Digital Realty Trust by 11.4% in the first quarter. Access Financial Services Inc. now owns 9,016 shares of the real estate investment trust's stock worth $1,292,000 after acquiring an additional 923 shares during the period. North Star Investment Management Corp. lifted its stake in Digital Realty Trust by 23.7% in the first quarter. North Star Investment Management Corp. now owns 793 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 152 shares during the period. Brighton Jones LLC lifted its stake in Digital Realty Trust by 1.2% in the first quarter. Brighton Jones LLC now owns 71,385 shares of the real estate investment trust's stock worth $10,229,000 after acquiring an additional 873 shares during the period. Exchange Traded Concepts LLC lifted its stake in Digital Realty Trust by 22.0% in the first quarter. Exchange Traded Concepts LLC now owns 5,921 shares of the real estate investment trust's stock worth $848,000 after acquiring an additional 1,067 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in Digital Realty Trust in the first quarter worth about $2,191,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLR. Citigroup lowered their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. JMP Securities reissued a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Monday, April 28th. Mizuho increased their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Finally, Truist Financial decreased their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.76.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director now owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

NYSE:DLR traded down $1.25 during midday trading on Friday, hitting $175.35. The company's stock had a trading volume of 2,641,311 shares, compared to its average volume of 1,998,170. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm's 50 day moving average is $166.29 and its 200-day moving average is $165.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $59.06 billion, a P/E ratio of 163.88, a P/E/G ratio of 2.67 and a beta of 0.95.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.78%. Digital Realty Trust's payout ratio is 456.07%.

Digital Realty Trust 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.