Avantax Planning Partners Inc. Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Avantax Planning Partners Inc. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,555 shares of the real estate investment trust’s stock, valued at approximately $234,000.

Several other institutional investors also recently modified their holdings of the company. Gulf International Bank UK Ltd boosted its holdings in shares of Digital Realty Trust by 1.5% in the 2nd quarter. Gulf International Bank UK Ltd now owns 53,475 shares of the real estate investment trust’s stock valued at $8,045,000 after buying an additional 800 shares in the last quarter. Ethic Inc. boosted its holdings in shares of Digital Realty Trust by 54.3% in the 2nd quarter. Ethic Inc. now owns 5,493 shares of the real estate investment trust’s stock valued at $826,000 after buying an additional 1,934 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of Digital Realty Trust by 2.5% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,863 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 69 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Digital Realty Trust by 81.2% in the 2nd quarter. Van ECK Associates Corp now owns 95,277 shares of the real estate investment trust’s stock valued at $14,335,000 after buying an additional 42,696 shares in the last quarter. Finally, Nelson Capital Management LLC boosted its holdings in shares of Digital Realty Trust by 3.6% in the 2nd quarter. Nelson Capital Management LLC now owns 25,481 shares of the real estate investment trust’s stock valued at $3,834,000 after buying an additional 880 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.

A number of brokerages recently weighed in on DLR. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 price target for the company. in a research note on Thursday, July 15th. Barclays increased their price target on shares of Digital Realty Trust from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Digital Realty Trust from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Finally, Citigroup increased their price target on shares of Digital Realty Trust from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Thursday, August 19th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $165.69.

In other Digital Realty Trust news, CEO A William Stein sold 22,324 shares of the firm’s stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $168.05, for a total transaction of $3,751,548.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David C. Ruberg sold 55,212 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $166.11, for a total transaction of $9,171,265.32. Following the transaction, the executive vice president now owns 6,666 shares of the company’s stock, valued at $1,107,289.26. The disclosure for this sale can be found here. Insiders have sold a total of 204,534 shares of company stock valued at $33,852,311 over the last 90 days. 0.52% of the stock is currently owned by insiders.

Shares of DLR opened at $154.21 on Wednesday. The company has a 50-day simple moving average of $158.37 and a 200-day simple moving average of $151.10. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $43.58 billion, a PE ratio of 86.15, a P/E/G ratio of 3.52 and a beta of 0.12. Digital Realty Trust, Inc. has a 52-week low of $124.65 and a 52-week high of $168.30.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($1.13). Digital Realty Trust had a net margin of 13.22% and a return on equity of 3.52%. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.01%. Digital Realty Trust’s dividend payout ratio is presently 74.60%.

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.

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

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