Avantax Advisory Services Inc. Buys 2,653 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Avantax Advisory Services Inc. grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,802 shares of the real estate investment trust's stock after buying an additional 2,653 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Digital Realty Trust were worth $3,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Key Financial Inc increased its stake in shares of 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 worth $37,000 after purchasing an additional 138 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Grove Bank & Trust boosted its position in shares of 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 valued at $44,000 after acquiring an additional 230 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Digital Realty Trust in the first quarter valued at about $49,000. Finally, Adirondack Trust Co. increased its position in Digital Realty Trust by 40.8% during the first quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 102 shares during the period. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 2.5%

Shares of DLR traded down $4.41 on Friday, hitting $172.03. 796,045 shares of the stock traded hands, compared to its average volume of 2,151,963. The company has a market capitalization of $57.94 billion, a PE ratio of 45.19, a P/E/G ratio of 3.29 and a beta of 0.95. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. The business has a 50 day simple moving average of $174.25 and a 200 day simple moving average of $164.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations 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 revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 EPS. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 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 shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday. Scotiabank reduced their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Guggenheim began coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Digital Realty Trust 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.