Arkadios Wealth Advisors Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Arkadios Wealth Advisors increased its stake in Digital Realty Trust by 85.2%, owning 6,704 shares now valued at $961,000, as reported in a recent SEC filing.
• Digital Realty Trust reported $1.87 earnings per share for the last quarter, beating estimates and showing a 10% year-over-year revenue increase to $1.49 billion.
• The company's latest dividend was $1.22 per share with an annualized yield of 2.8%, but it has a high dividend payout ratio of 128.08%.

Arkadios Wealth Advisors increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 85.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,704 shares of the real estate investment trust's stock after acquiring an additional 3,085 shares during the period. Arkadios Wealth Advisors' holdings in Digital Realty Trust were worth $961,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Key Financial Inc grew its position in Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 138 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at $38,000. Colonial Trust Co SC increased its stake in shares of Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Digital Realty Trust during the fourth quarter valued at $53,000. Finally, Grove Bank & Trust increased its position in Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after buying an additional 230 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 0.5%

Digital Realty Trust stock traded down $0.80 during mid-day trading on Tuesday, hitting $172.11. 1,041,348 shares of the stock were exchanged, compared to its average volume of 1,523,497. The stock has a market capitalization of $58.70 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 3.21 and a beta of 0.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm's fifty day simple moving average is $174.42 and its two-hundred day simple moving average is $163.79.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid 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 yield of 2.8%. Digital Realty Trust's payout ratio is 128.08%.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLR. Guggenheim started coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Oppenheimer started coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

Digital Realty Trust Company Profile

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.