Seamount Financial Group Inc. Buys New Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Seamount Financial Group Inc. purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,584 shares of the real estate investment trust's stock, valued at approximately $227,000.

A number of other institutional investors also recently added to or reduced their stakes in DLR. Millstone Evans Group LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $43,000. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the first quarter worth $38,000. Colonial Trust Co SC boosted 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 buying an additional 72 shares during the last quarter. Larson Financial Group LLC boosted its stake in Digital Realty Trust by 167.9% during the fourth quarter. Larson Financial Group LLC now owns 292 shares of the real estate investment trust's stock worth $52,000 after buying an additional 183 shares during the last quarter. Finally, Crowley Wealth Management Inc. purchased a new stake in Digital Realty Trust in the fourth quarter valued at $53,000. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday. They set a "neutral" rating for the company. Jefferies Financial Group restated a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Scotiabank cut their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Oppenheimer assumed coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust Price Performance

NYSE DLR traded down $2.15 during trading hours on Friday, reaching $168.33. 1,493,984 shares of the company's stock were exchanged, compared to its average volume of 2,017,222. The stock has a market cap of $56.69 billion, a PE ratio of 157.32, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The firm has a fifty day moving average of $171.73 and a 200-day moving average of $164.18. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. The firm 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%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is presently 456.07%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated 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 transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

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.