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Allworth Financial LP Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Digital Realty Trust logo with Finance background

Allworth Financial LP raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,935 shares of the real estate investment trust's stock after buying an additional 2,226 shares during the period. Allworth Financial LP's holdings in Digital Realty Trust were worth $6,447,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust during the first quarter worth approximately $38,000. Millstone Evans Group LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth about $43,000. Grove Bank & Trust lifted its holdings in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $49,000. Finally, Adirondack Trust Co. grew its stake in Digital Realty Trust by 40.8% during the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after buying an additional 102 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

DLR stock traded down $2.15 on Friday, reaching $168.33. 1,493,984 shares of the company's stock were exchanged, compared to its average volume of 2,017,222. The stock has a fifty day moving average of $171.66 and a 200-day moving average of $164.27. The firm has a market cap of $56.69 billion, a PE ratio of 157.32, a P/E/G ratio of 2.59 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The business's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.90%. Digital Realty Trust's payout ratio is 456.07%.

Analyst Ratings Changes

DLR has been the subject of a number of research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Citigroup decreased their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Truist Financial dropped their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Mizuho upped their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Finally, Scotiabank lowered their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $187.16.

Get Our Latest Report on Digital Realty Trust

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Digital Realty Trust Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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