Simplicity Solutions LLC Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Posted by Defense World Staff on Jul 20th, 2023

Simplicity Solutions LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 165.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,313 shares of the real estate investment trust’s stock after purchasing an additional 3,938 shares during the period. Simplicity Solutions LLC’s holdings in Digital Realty Trust were worth $621,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth $26,000. Clear Street Markets LLC lifted its position in Digital Realty Trust by 28,900.0% in the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 289 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in Digital Realty Trust in the first quarter valued at $29,000. Affiance Financial LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at $34,000. Finally, Godsey & Gibb Inc. purchased a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 3.3 %

Shares of DLR opened at $121.17 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average is $105.58 and its two-hundred day moving average is $103.48. Digital Realty Trust, Inc. has a twelve month low of $85.76 and a twelve month high of $138.09. The firm has a market capitalization of $36.02 billion, a P/E ratio of 109.16, a PEG ratio of 2.82 and a beta of 0.55.

Digital Realty Trust (NYSE:DLR – Get Free Report) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($1.46). Digital Realty Trust had a return on equity of 2.34% and a net margin of 7.61%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, research analysts predict that Digital Realty Trust, Inc. will post 6.67 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 Tuesday, May 30th. Shareholders of record on Thursday, June 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Wednesday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 439.64%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Digital Realty Trust from $79.00 to $80.00 in a research report on Monday, May 1st. 22nd Century Group reissued a “reiterates” rating on shares of Digital Realty Trust in a research report on Tuesday, May 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Digital Realty Trust from $113.00 to $112.00 in a research note on Wednesday, June 7th. Wells Fargo & Company dropped their price objective on shares of Digital Realty Trust from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Friday, April 21st. Finally, BMO Capital Markets lowered shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $121.00 to $100.00 in a research note on Monday, March 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $113.08.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 1,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $97.47, for a total value of $146,205.00. Following the sale, the director now owns 10,176 shares of the company’s stock, valued at $991,854.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Digital Realty Trust news, CAO Peter C. Olson sold 700 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $105.67, for a total value of $73,969.00. Following the sale, the chief accounting officer now owns 7,134 shares of the company’s stock, valued at $753,849.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jean F. H. P. Mandeville sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $97.47, for a total transaction of $146,205.00. Following the transaction, the director now directly owns 10,176 shares in the company, valued at approximately $991,854.72. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Profile

(Free Report)

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.