Janney Montgomery Scott LLC Has $6.10 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Janney Montgomery Scott LLC cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,552 shares of the real estate investment trust's stock after selling 7,974 shares during the quarter. Janney Montgomery Scott LLC's holdings in Digital Realty Trust were worth $6,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at about $35,000. Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at approximately $37,000. Millstone Evans Group LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $43,000. SRS Capital Advisors Inc. raised its position in shares of Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $45,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DLR. JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Citigroup lowered their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Mizuho lifted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.76.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $5.54 during mid-day trading on Wednesday, hitting $172.12. The company's stock had a trading volume of 2,964,139 shares, compared to its average volume of 2,002,116. The stock has a market capitalization of $57.97 billion, a P/E ratio of 160.86, a P/E/G ratio of 2.70 and a beta of 0.95. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock's fifty day moving average price is $167.55 and its two-hundred day moving average price is $165.09. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81.

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

Digital Realty Trust Dividend Announcement

The company 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 $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.