Digital Realty Trust, Inc. $DLR Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,626 shares of the real estate investment trust’s stock after selling 81 shares during the period. Denali Advisors LLC’s holdings in Digital Realty Trust were worth $1,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brookstone Capital Management lifted its position in Digital Realty Trust by 18.7% during the 2nd quarter. Brookstone Capital Management now owns 56,597 shares of the real estate investment trust’s stock worth $9,867,000 after acquiring an additional 8,900 shares in the last quarter. D.A. Davidson & CO. lifted its position in Digital Realty Trust by 1.5% during the 2nd quarter. D.A. Davidson & CO. now owns 33,118 shares of the real estate investment trust’s stock worth $5,774,000 after acquiring an additional 504 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Digital Realty Trust by 1.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 72,217 shares of the real estate investment trust’s stock worth $12,590,000 after acquiring an additional 1,375 shares in the last quarter. Pacific Sun Financial Corp lifted its position in Digital Realty Trust by 4.5% during the 2nd quarter. Pacific Sun Financial Corp now owns 6,599 shares of the real estate investment trust’s stock worth $1,150,000 after acquiring an additional 286 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in Digital Realty Trust by 3.1% during the 2nd quarter. Whittier Trust Co. now owns 3,991 shares of the real estate investment trust’s stock worth $696,000 after acquiring an additional 120 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was 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 can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $172.57 on Thursday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month 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 $58.85 billion, a price-to-earnings ratio of 45.29, a price-to-earnings-growth ratio of 4.83 and a beta of 0.96. The business has a 50 day simple moving average of $170.23 and a 200-day simple moving average of $168.29.

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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.65 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s payout ratio is 128.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Moffett Nathanson upped their target price on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Daiwa Capital Markets assumed coverage on Digital Realty Trust in a research report on Wednesday. They issued a “buy” rating and a $210.00 target price on the stock. Barclays upped 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, August 20th. Raymond James Financial upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Finally, Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.05.

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.