Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 46.4% in the 1st 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 acquiring an additional 8,444 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Digital Realty Trust were worth $3,817,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DLR. IFP Advisors Inc raised its position in Digital Realty Trust by 19.2% during the fourth quarter. IFP Advisors Inc now owns 589 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 95 shares in the last quarter. NewEdge Wealth LLC raised its position in Digital Realty Trust by 6.8% during the fourth quarter. NewEdge Wealth LLC now owns 21,793 shares of the real estate investment trust’s stock valued at $3,865,000 after acquiring an additional 1,393 shares in the last quarter. Kovack Advisors Inc. raised its position in Digital Realty Trust by 19.1% during the fourth quarter. Kovack Advisors Inc. now owns 4,574 shares of the real estate investment trust’s stock valued at $811,000 after acquiring an additional 733 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Digital Realty Trust by 1.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 15,194 shares of the real estate investment trust’s stock valued at $2,694,000 after acquiring an additional 245 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $38,428,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 transaction, the director now owns 6,522 shares of the company’s stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $171.34 on Friday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The business’s fifty day simple moving average is $168.80 and its 200-day simple moving average is $164.91. The firm has a market cap of $57.70 billion, a PE ratio of 160.13, a price-to-earnings-growth ratio of 2.58 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.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results 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. 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 quarter in the prior year, the company posted $1.67 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust’s payout ratio is 456.07%.

Analyst Ratings Changes

Several research analysts recently weighed in on DLR shares. Bank of America started coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a “buy” rating and a $210.00 price target for the company. Mizuho boosted their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Barclays cut their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Truist Financial cut their price objective on Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Finally, Scotiabank cut their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus 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.