Avestar Capital LLC Purchases 119 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Avestar Capital LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,517 shares of the real estate investment trust’s stock after purchasing an additional 119 shares during the quarter. Avestar Capital LLC’s holdings in Digital Realty Trust were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its position in Digital Realty Trust by 16.0% during the third quarter. Brooklyn Investment Group now owns 1,686 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 233 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Digital Realty Trust by 3.8% in the third quarter. D.A. Davidson & CO. now owns 30,754 shares of the real estate investment trust’s stock worth $4,977,000 after acquiring an additional 1,133 shares during the last quarter. Elios Financial Group Inc. bought a new position in shares of Digital Realty Trust in the third quarter worth about $223,000. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of Digital Realty Trust by 70.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 14,510 shares of the real estate investment trust’s stock worth $2,348,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Digital Realty Trust by 14.4% in the third quarter. Private Trust Co. NA now owns 3,417 shares of the real estate investment trust’s stock worth $553,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $195.31 on Thursday. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 164.13, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $171.67 and a 200-day moving average of $157.53.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.62 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Analyst Ratings Changes

A number of research firms have recently commented on DLR. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. TD Cowen increased their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial raised their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.37.

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.