Avanza Fonder AB Grows Stock Holdings in Digital Realty Trust, Inc. $DLR

Avanza Fonder AB raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 11.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 32,781 shares of the real estate investment trust’s stock after acquiring an additional 3,337 shares during the period. Avanza Fonder AB’s holdings in Digital Realty Trust were worth $5,667,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DLR. South Plains Financial Inc. increased its stake in Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 115 shares during the last quarter. Tobam acquired a new stake in Digital Realty Trust in the 2nd quarter worth about $28,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at about $31,000. Finally, AdvisorShares Investments LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.0%

Shares of NYSE DLR opened at $153.95 on Friday. The stock has a fifty day moving average price of $162.35 and a 200 day moving average price of $168.67. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $187.74. The company has a market cap of $52.88 billion, a P/E ratio of 39.78, a P/E/G ratio of 4.01 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.2%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a report on Thursday, December 18th. They issued a “buy” rating and a $188.00 target price for the company. Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research report on Friday, October 24th. Finally, Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.55.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.