Digital Realty Trust, Inc. $DLR Shares Bought by PDS Planning Inc

PDS Planning Inc boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,767 shares of the real estate investment trust’s stock after acquiring an additional 101 shares during the quarter. PDS Planning Inc’s holdings in Digital Realty Trust were worth $308,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $26,000. WPG Advisers LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $30,000. 1 North Wealth Services LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $31,000. Key Financial Inc grew its stake in shares of Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $38,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 3.8%

Shares of NYSE DLR opened at $168.62 on Monday. The company has a market capitalization of $57.51 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 4.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The business has a 50-day moving average of $169.81 and a two-hundred day moving average of $166.97. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is presently 128.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Mizuho boosted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Stifel Nicolaus boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.05.

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.