SG Americas Securities LLC Sells 392,936 Shares of Digital Realty Trust, Inc. $DLR

SG Americas Securities LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 97.8% in the third quarter, Holdings Channel.com reports. The firm owned 8,826 shares of the real estate investment trust’s stock after selling 392,936 shares during the quarter. SG Americas Securities LLC’s holdings in Digital Realty Trust were worth $1,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. OFI Invest Asset Management grew its stake in shares of Digital Realty Trust by 37,575.7% during the 3rd quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock worth $46,896,000 after acquiring an additional 270,545 shares in the last quarter. World Investment Advisors increased its stake in Digital Realty Trust by 412.7% in the 3rd quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock valued at $1,902,000 after buying an additional 8,857 shares during the last quarter. Cim Investment Management Inc. lifted its position in Digital Realty Trust by 99.6% during the 2nd quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock worth $3,997,000 after buying an additional 11,345 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Digital Realty Trust by 100.0% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 34,000 shares of the real estate investment trust’s stock worth $5,878,000 after buying an additional 17,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after acquiring an additional 211,692 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank dropped their target price on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a report on Wednesday. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. TD Cowen increased their price objective on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Moffett Nathanson boosted their target price on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Bank of America reaffirmed a “neutral” rating and set a $170.00 price target (down from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $160.62 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $55.17 billion, a P/E ratio of 41.50, a P/E/G ratio of 3.73 and a beta of 1.11. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $187.74. The stock has a 50 day moving average of $157.69 and a 200-day moving average of $166.72.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business had revenue of $1.58 billion for the quarter. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust’s payout ratio is presently 126.10%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.