Digital Realty Trust, Inc. $DLR Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.8% in the second quarter, Holdings Channel reports. The firm owned 16,448 shares of the real estate investment trust’s stock after selling 299 shares during the period. Securian Asset Management Inc.’s holdings in Digital Realty Trust were worth $2,867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust during the 1st quarter worth approximately $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust during the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $31,000. Key Financial Inc grew its position in Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred 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 available through the SEC website. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective for the company. Barclays increased their price objective 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. Guggenheim assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating for the company. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Moffett Nathanson increased their price objective on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.38.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $171.72 on Wednesday. The stock has a market cap of $58.56 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 4.87 and a beta of 0.96. 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 stock has a 50 day moving average of $170.15 and a 200-day moving average of $168.26. 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 released its earnings results 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. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date 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.