Avalon Trust Co Sells 468 Shares of Digital Realty Trust, Inc. $DLR

Avalon Trust Co trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 52.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 417 shares of the real estate investment trust’s stock after selling 468 shares during the period. Avalon Trust Co’s holdings in Digital Realty Trust were worth $73,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DLR. Bison Wealth LLC raised its stake in shares of Digital Realty Trust by 17.2% in the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 390 shares during the last quarter. Alps Advisors Inc. raised its position in Digital Realty Trust by 8.6% in the 1st quarter. Alps Advisors Inc. now owns 1,812 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 144 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Digital Realty Trust by 8.4% in the first quarter. Apollon Wealth Management LLC now owns 10,009 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 774 shares in the last quarter. Dakota Wealth Management bought a new stake in shares of Digital Realty Trust during the first quarter worth $911,000. Finally, Whittier Trust Co. raised its holdings in shares of Digital Realty Trust by 9.4% in the first quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $555,000 after buying an additional 334 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DLR shares. TD Cowen raised their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Citigroup raised their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Moffett Nathanson upped their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Digital Realty Trust Trading Down 3.5%

Shares of NYSE DLR opened at $158.10 on Friday. The stock has a market cap of $54.31 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average is $171.54 and its 200-day moving average is $171.06.

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

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

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.