Digital Realty Trust, Inc. (NYSE:DLR) Stake Raised by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,518 shares of the real estate investment trust’s stock after purchasing an additional 424 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Digital Realty Trust were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust during the second quarter valued at approximately $25,000. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Asset Dedication LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $31,000. Finally, Adirondack Trust Co. grew its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $176.81 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $58.65 billion, a PE ratio of 148.58, a PEG ratio of 4.97 and a beta of 0.62. The firm’s 50 day moving average price is $180.68 and its 200 day moving average price is $162.37. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays increased their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Jefferies Financial Group raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Raymond James raised their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.68.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust 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.