Kovack Advisors Inc. Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Kovack Advisors Inc. increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 75.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,042 shares of the real estate investment trust's stock after purchasing an additional 3,468 shares during the quarter. Kovack Advisors Inc.'s holdings in Digital Realty Trust were worth $1,152,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after acquiring an additional 607,132 shares during the period. Pacific Heights Asset Management LLC grew its position in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares in the last quarter. Vectors Research Management LLC grew its position in Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after acquiring an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after buying an additional 21,598 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after buying an additional 1,644 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research analyst reports. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday. 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 report on Monday, May 12th. Scotiabank cut their price target on 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. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $188.53.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust 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 sale, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Down 1.2%

Shares of NYSE DLR traded down $2.16 during midday trading on Friday, reaching $177.86. 2,602,172 shares of the stock were exchanged, compared to its average volume of 1,482,118. The company has a 50 day simple moving average of $173.62 and a 200 day simple moving average of $164.02. The stock has a market capitalization of $59.90 billion, a P/E ratio of 46.68, a PEG ratio of 2.71 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. 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 posted its 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. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.59%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.65 EPS. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) is 456.07%.

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.