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

B. Riley Wealth Advisors Inc. boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 13.7% in the 3rd quarter, according to the company in its most recent 13F 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 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its stake in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after buying an additional 117,461 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after acquiring an additional 146,183 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after purchasing an additional 129,799 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Digital Realty Trust by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after purchasing an additional 228,585 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DLR shares. Barclays lifted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.68.

Digital Realty Trust Trading Down 0.1 %

Shares of NYSE DLR opened at $176.81 on Friday. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $198.00. The company has a market cap of $58.65 billion, a price-to-earnings ratio of 148.58, a price-to-earnings-growth ratio of 4.97 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $180.68 and its 200 day simple moving average is $162.37.

Digital Realty Trust (NYSE:DLR) last posted its 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 company had revenue of $1.43 billion during 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 business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 earnings per share. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.