180 Wealth Advisors LLC Makes New $208,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

180 Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,317 shares of the real estate investment trust’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rise Advisors LLC increased its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the period. GoalVest Advisory LLC bought a new stake in Digital Realty Trust in the 1st quarter valued at about $29,000. Bfsg LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at about $31,000. Tennessee Valley Asset Management Partners bought a new position in Digital Realty Trust in the 4th quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $34,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 0.9 %

NYSE DLR traded down $1.34 on Thursday, hitting $149.84. 1,504,734 shares of the company were exchanged, compared to its average volume of 1,887,610. Digital Realty Trust, Inc. has a twelve month low of $113.94 and a twelve month high of $162.58. The company’s 50 day moving average price is $150.88 and its 200-day moving average price is $145.46. The firm has a market capitalization of $46.81 billion, a P/E ratio of 41.36, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.29.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.26%. Digital Realty Trust’s dividend payout ratio is 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DLR. Royal Bank of Canada boosted their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. HSBC increased their price target on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday, May 3rd. Mizuho started coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. Truist Financial increased their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Company 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.