Avanza Fonder AB Has $4.60 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Avanza Fonder AB cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,961 shares of the real estate investment trust's stock after selling 4,290 shares during the period. Avanza Fonder AB's holdings in Digital Realty Trust were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DLR. Golden State Wealth Management LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $62,000. Apollon Wealth Management LLC lifted its holdings in Digital Realty Trust by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 9,235 shares of the real estate investment trust's stock valued at $1,638,000 after buying an additional 224 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Digital Realty Trust by 51.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,857 shares of the real estate investment trust's stock valued at $684,000 after buying an additional 1,308 shares during the period. Empowered Funds LLC lifted its holdings in Digital Realty Trust by 25.6% in the fourth quarter. Empowered Funds LLC now owns 6,200 shares of the real estate investment trust's stock valued at $1,099,000 after buying an additional 1,263 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its holdings in Digital Realty Trust by 23.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 14,472 shares of the real estate investment trust's stock valued at $2,566,000 after buying an additional 2,752 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DLR shares. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Finally, Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.10.

Digital Realty Trust Stock Down 1.3%

DLR traded down $2.29 during trading hours on Friday, hitting $174.24. 1,520,937 shares of the company's stock were exchanged, compared to its average volume of 2,000,180. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The stock's 50-day moving average is $162.97 and its two-hundred day moving average is $166.08. The stock has a market cap of $58.68 billion, a price-to-earnings ratio of 107.55, a PEG ratio of 4.38 and a beta of 0.95. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced 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. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

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.