CNB Bank Sells 276 Shares of Digital Realty Trust, Inc. $DLR

CNB Bank reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,875 shares of the real estate investment trust’s stock after selling 276 shares during the period. CNB Bank’s holdings in Digital Realty Trust were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Summit Place Financial Advisors LLC boosted its position in shares of Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 57 shares during the last quarter. Nvwm LLC lifted its stake in Digital Realty Trust by 1.9% in the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 60 shares during the period. Riverbend Wealth Management LLC boosted its holdings in Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the last quarter. Decatur Capital Management Inc. grew its position in shares of Digital Realty Trust by 0.4% during the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock worth $2,337,000 after buying an additional 61 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in shares of Digital Realty Trust by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated 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 is available through this link. 0.13% of the stock is owned by company insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $179.62 on Friday. 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 firm has a market cap of $61.26 billion, a price-to-earnings ratio of 46.41, a price-to-earnings-growth ratio of 4.94 and a beta of 0.96. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock’s 50-day moving average is $170.66 and its 200-day moving average is $168.86.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.50% and a net margin of 23.67%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s payout ratio is presently 128.08%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Moffett Nathanson boosted their price objective on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. TD Cowen boosted their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a report on Friday. Finally, Morgan Stanley assumed coverage on Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.67.

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.