Avanza Fonder AB Makes New $6.25 Million Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Avanza Fonder AB purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 35,251 shares of the real estate investment trust's stock, valued at approximately $6,251,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLR. Adirondack Trust Co. raised its holdings in 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 purchasing an additional 81 shares during the period. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter worth $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the period. Future Financial Wealth Managment LLC bought a new position in Digital Realty Trust in the 3rd quarter worth $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust during the fourth quarter valued at about $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial raised their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and lifted their price target for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Jefferies Financial Group lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $194.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $177.32.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Down 0.9 %

NYSE:DLR traded down $1.57 during trading hours on Friday, reaching $178.54. The company's stock had a trading volume of 1,639,412 shares, compared to its average volume of 1,512,392. The company has a market capitalization of $59.22 billion, a P/E ratio of 150.03, a price-to-earnings-growth ratio of 4.35 and a beta of 0.64. Digital Realty Trust, Inc. has a 12 month low of $131.42 and a 12 month high of $198.00. 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 stock has a 50 day moving average price of $183.19 and a two-hundred day moving average price of $166.69.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) 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 analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 earnings per share. Equities analysts predict 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 was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 410.08%.

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.