SG Americas Securities LLC Has $63.04 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

SG Americas Securities LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 389.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 439,915 shares of the real estate investment trust’s stock after acquiring an additional 350,036 shares during the period. SG Americas Securities LLC owned approximately 0.13% of Digital Realty Trust worth $63,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DLR. Bleakley Financial Group LLC boosted its stake in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 64 shares in the last quarter. Colonial Trust Co SC lifted its stake in Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 72 shares during the last quarter. Legacy Financial Advisors Inc. boosted its position 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 valued at $255,000 after buying an additional 74 shares in the last quarter. Quent Capital LLC grew its stake in shares of Digital Realty Trust by 7.6% during the first quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 75 shares during the last quarter. Finally, Cigna Investments Inc. New increased its holdings in shares of Digital Realty Trust by 2.3% during the fourth quarter. Cigna Investments Inc. New now owns 3,394 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction that occurred on 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 owns 6,522 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLR. Citigroup reduced their price objective on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Oppenheimer began coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an “outperform” rating and a $200.00 price objective for the company. Mizuho dropped their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Bank of America assumed 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 target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.10.

Digital Realty Trust Trading Down 0.1%

NYSE DLR opened at $176.69 on Tuesday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a 50 day simple moving average of $159.90 and a 200 day simple moving average of $166.18. The stock has a market capitalization of $59.51 billion, a P/E ratio of 109.07, a P/E/G ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR) last announced its quarterly 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. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. Research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.76%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.