Digital Realty Trust, Inc. $DLR Stock Holdings Trimmed by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% during the 2nd quarter, Holdings Channel reports. The fund owned 63,697 shares of the real estate investment trust’s stock after selling 278 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Digital Realty Trust were worth $11,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $26,000. WPG Advisers LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $31,000. Key Financial Inc increased its position 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 valued at $37,000 after purchasing an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $38,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DLR shares. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Barclays lifted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Guggenheim started coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Raymond James Financial lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Finally, Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $192.44.

Insider Transactions at Digital Realty Trust

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

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $176.56 on Friday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $60.22 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 5.00 and a beta of 0.96. The stock’s fifty day simple moving average is $170.00 and its 200-day simple moving average is $165.94.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. Digital Realty Trust’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, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Digital Realty Trust 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.