Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 35.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,779 shares of the real estate investment trust’s stock after acquiring an additional 995 shares during the quarter. Kovack Advisors Inc.’s holdings in Digital Realty Trust were worth $544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DLR. Rise Advisors LLC lifted its holdings in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Digital Realty Trust in the first quarter worth about $29,000. Baldwin Brothers LLC MA boosted its position in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 185 shares during the last quarter. Bfsg LLC purchased a new stake in Digital Realty Trust during the 4th quarter valued at about $31,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DLR shares. Truist Financial boosted their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a report on Monday. They issued a “buy” rating and a $175.00 price objective for the company. Finally, JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $149.42.

Digital Realty Trust Stock Down 0.8 %

Shares of NYSE:DLR traded down $1.20 during trading on Thursday, hitting $151.71. The company’s stock had a trading volume of 879,721 shares, compared to its average volume of 1,469,527. Digital Realty Trust, Inc. has a fifty-two week low of $112.38 and a fifty-two week high of $154.18. The business has a 50 day moving average price of $145.28 and a two-hundred day moving average price of $142.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $47.40 billion, a PE ratio of 42.16, a P/E/G ratio of 20.02 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

About Digital Realty Trust

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.