PDS Planning Inc Boosts Stake in Digital Realty Trust, Inc. $DLR

PDS Planning Inc boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,767 shares of the real estate investment trust’s stock after acquiring an additional 101 shares during the period. PDS Planning Inc’s holdings in Digital Realty Trust were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust in the 1st quarter valued at about $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at about $31,000. Key Financial Inc increased its position in Digital Realty Trust by 114.0% in the 1st 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 during the period. Finally, GKV Capital Management Co. Inc. acquired a new position in Digital Realty Trust in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays boosted their price target 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. Mizuho boosted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Wells Fargo & Company boosted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, Raymond James Financial boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.05.

Digital Realty Trust Stock Performance

DLR opened at $168.62 on Monday. The stock has a market cap of $57.51 billion, a P/E ratio of 44.26, a P/E/G ratio of 4.75 and a beta of 0.96. 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 stock’s 50 day simple moving average is $169.81 and its 200 day simple moving average is $166.97. 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 released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for 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 company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Insider Buying and Selling at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

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.