Avantax Advisory Services Inc. Has $4.28 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Avantax Advisory Services Inc. grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,149 shares of the real estate investment trust’s stock after acquiring an additional 80 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Digital Realty Trust were worth $4,282,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Great Lakes Advisors LLC acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $224,000. Farther Finance Advisors LLC boosted its position in Digital Realty Trust by 16.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,703 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 383 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Digital Realty Trust by 115.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,656 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 1,425 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Digital Realty Trust by 11.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 18,196 shares of the real estate investment trust’s stock valued at $3,227,000 after buying an additional 1,927 shares during the last quarter. Finally, Natural Investments LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $488,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent analyst reports. Truist Financial cut their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Barclays increased their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.11.

Digital Realty Trust Stock Up 1.7 %

DLR stock opened at $148.41 on Friday. The company has a market cap of $49.96 billion, a PE ratio of 91.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The business has a 50-day simple moving average of $165.62 and a 200 day simple moving average of $169.77. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. 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) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

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.