Sigma Planning Corp Trims Position in Digital Realty Trust, Inc. (NYSE:DLR)

Sigma Planning Corp lowered its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,693 shares of the real estate investment trust's stock after selling 3,833 shares during the quarter. Sigma Planning Corp's holdings in Digital Realty Trust were worth $1,675,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Securian Asset Management Inc. grew its holdings in shares of Digital Realty Trust by 0.5% in the first quarter. Securian Asset Management Inc. now owns 16,747 shares of the real estate investment trust's stock worth $2,400,000 after purchasing an additional 82 shares during the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of Digital Realty Trust by 2.2% in the first quarter. Weatherly Asset Management L. P. now owns 46,647 shares of the real estate investment trust's stock worth $6,684,000 after purchasing an additional 1,022 shares during the last quarter. Key Financial Inc grew its holdings in shares of Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares during the last quarter. Prudent Man Advisors LLC grew its holdings in shares of Digital Realty Trust by 1.4% in the first quarter. Prudent Man Advisors LLC now owns 7,554 shares of the real estate investment trust's stock worth $1,082,000 after purchasing an additional 107 shares during the last quarter. Finally, Asset Dedication LLC grew its holdings in shares of Digital Realty Trust by 50.2% in the first quarter. Asset Dedication LLC now owns 377 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 126 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Transactions 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 that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded up $0.27 during midday trading on Friday, hitting $177.03. The company had a trading volume of 347,615 shares, compared to its average volume of 2,184,278. The stock has a market cap of $59.62 billion, a price-to-earnings ratio of 165.34, a PEG ratio of 2.63 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $172.21 and a 200 day simple moving average of $164.03. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. Digital Realty Trust's revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. As a group, 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 declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Mizuho increased their target price 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. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Citigroup dropped their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $187.16.

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.