Avantax Advisory Services Inc. Buys 1,108 Shares of Digital Realty Trust, Inc. $DLR

Avantax Advisory Services Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,910 shares of the real estate investment trust’s stock after purchasing an additional 1,108 shares during the period. Avantax Advisory Services Inc.’s holdings in Digital Realty Trust were worth $4,866,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLR. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth about $26,000. Tobam bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $28,000. WPG Advisers LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust in the first quarter valued at approximately $31,000. Finally, AdvisorShares Investments LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.2%

Shares of NYSE:DLR opened at $159.52 on Wednesday. The stock has a market capitalization of $54.80 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The stock’s 50-day moving average price is $171.28 and its 200-day moving average price is $171.13. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its 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 company had revenue of $1.58 billion during the quarter. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLR. Moffett Nathanson boosted their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research note on Friday, October 24th. Citigroup upped their price target on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digital Realty Trust in a research note on Thursday, November 13th. Finally, Wells Fargo & Company raised their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

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.