Sequoia Financial Advisors LLC Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Sequoia Financial Advisors LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,640 shares of the real estate investment trust's stock after buying an additional 8,444 shares during the period. Sequoia Financial Advisors LLC's holdings in Digital Realty Trust were worth $3,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLR. Invesco Ltd. grew its holdings in shares of Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after acquiring an additional 607,132 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in Digital Realty Trust by 136.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock worth $34,321,000 after purchasing an additional 111,811 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Digital Realty Trust by 13.9% in the fourth quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust's stock valued at $6,756,000 after purchasing an additional 4,662 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Digital Realty Trust by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after buying an additional 21,598 shares in the last quarter. Finally, Vectors Research Management LLC raised its stake in shares of Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after buying an additional 2,930 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 1.0%

NYSE:DLR traded up $1.75 during trading hours on Friday, reaching $171.34. 2,658,797 shares of the company were exchanged, compared to its average volume of 2,012,476. The firm has a market cap of $57.70 billion, a price-to-earnings ratio of 160.13, a PEG ratio of 2.61 and a beta of 0.95. The stock has a 50 day simple moving average of $168.80 and a 200 day simple moving average of $164.76. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92.

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 for the quarter, topping the consensus estimate 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 analyst estimates of $1.43 billion. During the same period last year, the company posted $1.67 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.85%. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on DLR shares. Citigroup dropped their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Bank of America began coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Truist Financial lowered their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.55.

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.