Pinnacle Wealth Planning Services Inc. Buys New Stake in Digital Realty Trust, Inc. $DLR

Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,817 shares of the real estate investment trust’s stock, valued at approximately $317,000.

A number of other institutional investors also recently made changes to their positions in the stock. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust during the first quarter valued at $26,000. Tobam acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $28,000. WPG Advisers LLC purchased a new position in Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the 1st quarter valued at about $31,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $159.34 on Thursday. The business’s fifty day moving average price is $170.99 and its 200 day moving average price is $171.05. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $54.73 billion, a P/E ratio of 41.17, a PEG ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s payout ratio is 126.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research note on Friday, October 24th. Barclays raised their price objective on Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Finally, Wells Fargo & Company upped their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.14.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.