Kingswood Wealth Advisors LLC Has $947,000 Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Kingswood Wealth Advisors LLC lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,573 shares of the real estate investment trust’s stock after selling 2,887 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $947,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Digital Realty Trust during the 4th quarter worth about $2,141,890,000. Resolution Capital Ltd raised its stake in shares of Digital Realty Trust by 106.7% during the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after buying an additional 1,213,526 shares during the last quarter. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 2.1% in the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after acquiring an additional 971,032 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Digital Realty Trust during the 4th quarter worth $107,372,000. Finally, Kodai Capital Management LP bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $59,087,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded up $0.42 on Wednesday, hitting $146.86. The company had a trading volume of 1,748,513 shares, compared to its average volume of 1,974,541. The stock has a market cap of $45.88 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 19.17 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average price of $143.90 and a 200 day moving average price of $141.43. Digital Realty Trust, Inc. has a 1-year low of $107.19 and a 1-year high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $144.00 to $170.00 in a research report on Wednesday. UBS Group upped their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. TD Cowen boosted their price target on Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Finally, HSBC boosted their target price on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $146.06.

Digital Realty Trust Profile

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.