Dorsey & Whitney Trust CO LLC Boosts Stock Position in Digital Realty Trust, Inc. $DLR

Dorsey & Whitney Trust CO LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 33.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,350 shares of the real estate investment trust’s stock after purchasing an additional 1,332 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Digital Realty Trust were worth $767,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $26,000. Key Financial Inc raised its holdings in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. GKV Capital Management Co. Inc. purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. Finally, Grove Bank & Trust raised its holdings in shares of Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 230 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Citigroup reissued a “buy” rating and set a $200.00 target price (up previously from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating on the stock. Finally, Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an “outperform” rating and a $200.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $190.74.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $163.5320 on Friday. The stock’s fifty day moving average is $172.74 and its two-hundred day moving average is $163.57. The company has a market capitalization of $55.77 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 4.75 and a beta of 0.92. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.65 EPS. Digital Realty Trust’s quarterly revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current 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 3.0%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Digital Realty Trust Company Profile

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.