Digital Realty Trust (NYSE:DLR) CEO Andrew Power Sells 53,269 Shares of Stock

Digital Realty Trust, Inc. (NYSE:DLR) CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Andrew Power also recently made the following trade(s):

• On Friday, September 12th, Andrew Power sold 4,731 shares of Digital Realty Trust stock. The stock was sold at an average price of $175.10, for a total value of $828,398.10.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $174.00 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market capitalization of $59.34 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 5.03 and a beta of 0.96. The stock has a fifty day simple moving average of $170.62 and a two-hundred day simple moving average of $164.05. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the business earned $1.65 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust in the first quarter worth about $26,000. South Plains Financial Inc. boosted its stake in shares of Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 115 shares during the last quarter. Tobam purchased a new stake in shares of Digital Realty Trust in the second quarter worth about $28,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust in the first quarter worth about $30,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Digital Realty Trust in the first quarter worth about $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent research reports. Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating for the company. Stifel Nicolaus boosted 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, July 25th. Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Barclays boosted their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Finally, Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.74.

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.