Sigma Planning Corp Sells 3,318 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Posted by Defense World Staff on Apr 6th, 2023

Sigma Planning Corp trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,552 shares of the real estate investment trust’s stock after selling 3,318 shares during the quarter. Sigma Planning Corp’s holdings in Digital Realty Trust were worth $1,359,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Neo Ivy Capital Management increased its holdings in shares of Digital Realty Trust by 116.4% during the third quarter. Neo Ivy Capital Management now owns 264 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 142 shares during the period. Guardian Wealth Advisors LLC acquired a new stake in Digital Realty Trust during the third quarter worth approximately $27,000. Affiance Financial LLC bought a new position in Digital Realty Trust during the 4th quarter worth $34,000. Godsey & Gibb Inc. acquired a new position in Digital Realty Trust in the 4th quarter valued at $35,000. Finally, CI Investments Inc. lifted its position in shares of Digital Realty Trust by 980.0% during the 3rd quarter. CI Investments Inc. now owns 378 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $90.21 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.96. The stock has a market cap of $26.28 billion, a PE ratio of 79.13, a PEG ratio of 2.34 and a beta of 0.53. Digital Realty Trust, Inc. has a 12-month low of $85.76 and a 12-month high of $153.50. The business has a 50-day simple moving average of $104.99 and a two-hundred day simple moving average of $103.54.

Digital Realty Trust (NYSE:DLR – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($1.70). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Analysts anticipate that Digital Realty Trust, Inc. will post 6.66 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Tuesday, March 14th. Digital Realty Trust’s payout ratio is currently 428.07%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, EVP Jeannie Lee sold 1,000 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the executive vice president now owns 10,975 shares in the company, valued at approximately $1,262,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Dyer Corey sold 4,401 shares of the business’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $104.19, for a total value of $458,540.19. Following the transaction, the executive vice president now owns 30,026 shares in the company, valued at $3,128,408.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeannie Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Digital Realty Trust from $110.00 to $115.00 in a research report on Friday, December 16th. Citigroup boosted their target price on shares of Digital Realty Trust from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Barclays reduced their price target on shares of Digital Realty Trust from $81.00 to $79.00 and set an “underweight” rating on the stock in a research report on Tuesday. StockNews.com initiated coverage on shares of Digital Realty Trust in a research report on Thursday, March 16th. They set a “sell” rating for the company. Finally, Exane BNP Paribas began coverage on Digital Realty Trust in a report on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $121.71.

Digital Realty Trust Profile

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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.