Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,365 shares of the real estate investment trust’s stock after selling 156 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Digital Realty Trust were worth $318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its stake in Digital Realty Trust by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after purchasing an additional 72 shares during the period. Schechter Investment Advisors LLC increased its position in Digital Realty Trust by 2.4% in the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 78 shares during the period. Blair William & Co. IL raised its stake in Digital Realty Trust by 0.6% during the 3rd quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock valued at $2,164,000 after acquiring an additional 99 shares during the last quarter. Gables Capital Management Inc. lifted its position in Digital Realty Trust by 62.5% during the 4th quarter. Gables Capital Management Inc. now owns 260 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 100 shares during the period. Finally, First Financial Corp IN grew its stake in shares of Digital Realty Trust by 46.6% in the 4th quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $0.52 on Friday, hitting $142.77. The company had a trading volume of 1,122,255 shares, compared to its average volume of 2,570,588. 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 company has a market cap of $44.61 billion, a PE ratio of 39.66 and a beta of 0.55. Digital Realty Trust, Inc. has a 52-week low of $88.88 and a 52-week high of $154.18. The business has a 50 day moving average of $141.41 and a 200 day moving average of $139.46.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 annualized dividend and a dividend yield of 3.42%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DLR. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 16th. UBS Group increased their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $142.65.

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.