Kingswood Wealth Advisors LLC Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Kingswood Wealth Advisors LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,700 shares of the real estate investment trust's stock after selling 2,230 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Digital Realty Trust were worth $673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its stake 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 worth $692,630,000 after purchasing an additional 607,132 shares during the period. Private Advisor Group LLC increased its stake in Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock worth $2,400,000 after purchasing an additional 527 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake in Digital Realty Trust by 136.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock worth $34,321,000 after purchasing an additional 111,811 shares during the period. QRG Capital Management Inc. increased its stake in Digital Realty Trust by 13.9% during the fourth quarter. QRG Capital Management Inc. now owns 38,101 shares of the real estate investment trust's stock worth $6,756,000 after purchasing an additional 4,662 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Digital Realty Trust by 31.0% during the fourth quarter. Teacher Retirement System of Texas now owns 43,136 shares of the real estate investment trust's stock worth $7,649,000 after purchasing an additional 10,210 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the 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 now directly owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Oppenheimer assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. Barclays cut their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group restated a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. JMP Securities restated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Scotiabank cut their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given 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, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average price target of $185.76.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $1.25 during trading hours on Friday, hitting $175.35. The stock had a trading volume of 2,641,311 shares, compared to its average volume of 1,998,170. The firm has a market capitalization of $59.06 billion, a PE ratio of 163.88, a PEG ratio of 2.67 and a beta of 0.95. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock's 50 day moving average is $166.29 and its 200 day moving average is $165.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared 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 dividend yield of 2.78%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

About Digital Realty Trust

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.