Digital Realty Trust, Inc. $DLR Shares Sold by Riverview Trust Co

Riverview Trust Co cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 34.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,096 shares of the real estate investment trust’s stock after selling 570 shares during the period. Riverview Trust Co’s holdings in Digital Realty Trust were worth $191,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bison Wealth LLC lifted its position in Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 390 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Digital Realty Trust by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,595 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 112 shares in the last quarter. NBC Securities Inc. lifted its position in Digital Realty Trust by 107,450.0% during the first quarter. NBC Securities Inc. now owns 4,302 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 4,298 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in Digital Realty Trust by 1.8% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 67,574 shares of the real estate investment trust’s stock valued at $9,691,000 after buying an additional 1,200 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Digital Realty Trust by 16.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,720 shares of the real estate investment trust’s stock valued at $1,966,000 after buying an additional 1,889 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 0.8%

DLR stock opened at $171.46 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a fifty day moving average price of $170.16 and a two-hundred day moving average price of $165.60. The firm has a market cap of $58.48 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 4.97 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The firm’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. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DLR shares. Barclays lifted their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Two research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.74.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

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.