Greenwood Capital Associates LLC Sells 4,324 Shares of Digital Realty Trust, Inc. $DLR

Greenwood Capital Associates LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 45.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,160 shares of the real estate investment trust’s stock after selling 4,324 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Digital Realty Trust were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the first quarter worth about $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust in the first quarter worth about $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust in the first quarter worth about $31,000. Key Financial Inc lifted its holdings 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 worth $37,000 after buying an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the first quarter worth about $38,000. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were 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 SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $176.56 on Friday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $170.00 and a 200 day moving average of $165.94. The company has a market capitalization of $60.22 billion, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.44 billion. During the same quarter last year, the company posted $1.65 earnings per share. The firm’s quarterly revenue 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, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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 assumed coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. Raymond James Financial raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $192.44.

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.