Jefferies Financial Group Inc. Sells 1,645 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Jefferies Financial Group Inc. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,781 shares of the real estate investment trust's stock after selling 1,645 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Digital Realty Trust were worth $3,862,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DLR. Bleakley Financial Group LLC boosted its position in Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after acquiring an additional 64 shares during the last quarter. Catalina Capital Group LLC boosted its position in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock valued at $424,000 after purchasing an additional 72 shares in the last quarter. Colonial Trust Co SC grew its stake in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares during the period. Legacy Financial Advisors Inc. increased its holdings in Digital Realty Trust by 5.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 74 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in Digital Realty Trust by 12.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 680 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 77 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLR. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. JMP Securities restated a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Scotiabank dropped their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Truist Financial reduced their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Mizuho dropped their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, five 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, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $185.10.

Digital Realty Trust Stock Down 0.3%

DLR traded down $0.57 during mid-day trading on Friday, reaching $171.69. 4,130,819 shares of the stock were exchanged, compared to its average volume of 1,987,929. The company has a 50 day moving average price of $155.93 and a two-hundred day moving average price of $166.83. The stock has a market capitalization of $57.82 billion, a PE ratio of 105.98, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.84%. Digital Realty Trust's payout ratio is currently 456.07%.

About Digital Realty Trust

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.