Avantax Advisory Services Inc. Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Avantax Advisory Services Inc. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 24.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 16,151 shares of the real estate investment trust’s stock after buying an additional 3,146 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Digital Realty Trust were worth $1,955,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DLR. RB Capital Management LLC raised its stake in Digital Realty Trust by 6.8% during the first quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 192 shares during the last quarter. Prudential PLC purchased a new position in Digital Realty Trust during the first quarter valued at $688,000. Cetera Investment Advisers raised its stake in Digital Realty Trust by 31.2% during the first quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock valued at $2,909,000 after buying an additional 4,879 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Digital Realty Trust during the first quarter valued at $424,000. Finally, Candriam Luxembourg S.C.A. raised its stake in Digital Realty Trust by 2.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock valued at $2,127,000 after buying an additional 390 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

NYSE DLR opened at $144.26 on Wednesday. The firm has a market cap of $43.69 billion, a price-to-earnings ratio of 50.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.54. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $136.99 and a 200-day moving average price of $129.39. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $146.20.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 170.04%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DLR. Stifel Nicolaus boosted their price target on Digital Realty Trust from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup boosted their price target on Digital Realty Trust from $136.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. HSBC began coverage on Digital Realty Trust in a research note on Friday, December 1st. They issued a “reduce” rating and a $112.00 price target for the company. KeyCorp began coverage on Digital Realty Trust in a research note on Wednesday, December 6th. They issued a “sector weight” rating for the company. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $132.00 to $157.00 in a research note on Monday, January 22nd. Four analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus price target of $126.93.

Check Out Our Latest Stock Analysis on DLR

Digital Realty Trust Company Profile

(Free Report)

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.

See Also

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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