Kovack Advisors Inc. Buys 995 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Kovack Advisors Inc. raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 35.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,779 shares of the real estate investment trust’s stock after purchasing an additional 995 shares during the quarter. Kovack Advisors Inc.’s holdings in Digital Realty Trust were worth $544,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rise Advisors LLC grew its position in Digital Realty Trust by 1,125.0% during 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 in the last quarter. GoalVest Advisory LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at approximately $29,000. Baldwin Brothers LLC MA lifted its position in shares of Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 185 shares during the period. Bfsg LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $32,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. TD Cowen lifted their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Morgan Stanley increased their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group initiated coverage on Digital Realty Trust in a report on Monday. They issued a “buy” rating and a $175.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $149.42.

Digital Realty Trust Trading Down 0.8 %

DLR stock traded down $1.20 during trading on Thursday, hitting $151.71. The company had a trading volume of 879,721 shares, compared to its average volume of 1,469,527. The stock has a market cap of $47.40 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 20.02 and a beta of 0.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $145.28 and a 200-day moving average price of $142.00. Digital Realty Trust, Inc. has a 12 month low of $112.38 and a 12 month high of $154.18.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $1.22 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.22%. Digital Realty Trust’s payout ratio is 135.56%.

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.