SG Americas Securities LLC Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

SG Americas Securities LLC grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 389.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,915 shares of the real estate investment trust's stock after acquiring an additional 350,036 shares during the quarter. SG Americas Securities LLC owned 0.13% of Digital Realty Trust worth $63,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $35,000. Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at $37,000. SRS Capital Advisors Inc. lifted its holdings in shares of Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 201 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $43,000. Institutional investors own 99.71% of the company's stock.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the business'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 sale, the director now directly owns 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Up 0.3%

Digital Realty Trust stock traded up $0.50 during trading on Thursday, hitting $176.34. 1,923,271 shares of the company were exchanged, compared to its average volume of 1,994,990. The company has a market capitalization of $59.39 billion, a P/E ratio of 108.85, a PEG ratio of 4.38 and a beta of 0.95. The business's 50 day moving average is $161.40 and its 200 day moving average is $166.33. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results 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. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $1.67 EPS. The business's revenue was up 5.7% compared to the same quarter last year. Analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.77%. Digital Realty Trust's payout ratio is presently 456.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Bank of America began coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price target for the company. Oppenheimer assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Mizuho lowered their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $185.10.

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.