Segment Wealth Management LLC Acquires 504 Shares of Digital Realty Trust, Inc. $DLR

Segment Wealth Management LLC grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 34.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,949 shares of the real estate investment trust’s stock after purchasing an additional 504 shares during the period. Segment Wealth Management LLC’s holdings in Digital Realty Trust were worth $340,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC grew its stake in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 390 shares in the last quarter. Pines Wealth Management LLC raised its holdings in Digital Realty Trust by 14.3% during the 1st quarter. Pines Wealth Management LLC now owns 3,468 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 434 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in Digital Realty Trust by 0.6% in the 1st quarter. Tealwood Asset Management Inc. now owns 16,840 shares of the real estate investment trust’s stock worth $2,413,000 after purchasing an additional 100 shares in the last quarter. AAFMAA Wealth Management & Trust LLC bought a new position in Digital Realty Trust in the 1st quarter worth $1,187,000. Finally, UMB Bank n.a. raised its holdings in Digital Realty Trust by 1.2% in the 1st quarter. UMB Bank n.a. now owns 28,432 shares of the real estate investment trust’s stock worth $4,074,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In related 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays upped their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Mizuho upped their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, June 17th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $192.44.

Digital Realty Trust Stock Up 1.6%

Shares of Digital Realty Trust stock opened at $176.56 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 company has a 50-day moving average of $170.00 and a 200 day moving average of $166.04. The firm has a market cap of $60.22 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 5.07 and a beta of 0.96. 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 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 net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted $1.65 EPS. Digital Realty Trust’s revenue for the quarter 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, sell-side analysts anticipate 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. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is 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.