Digital Realty Trust, Inc. $DLR Position Boosted by Pines Wealth Management LLC

Pines Wealth Management LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,685 shares of the real estate investment trust’s stock after purchasing an additional 217 shares during the quarter. Pines Wealth Management LLC’s holdings in Digital Realty Trust were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust during the first quarter valued at approximately $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $31,000. Key Financial Inc lifted its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 138 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at approximately $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Raymond James Financial boosted their target price on shares of 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. Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Finally, Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.74.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 0.6%

Shares of NYSE:DLR opened at $174.00 on Wednesday. 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 market cap of $59.34 billion, a P/E ratio of 45.67, a P/E/G ratio of 5.03 and a beta of 0.96. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company’s 50-day moving average price is $170.62 and its two-hundred day moving average price is $164.05.

Digital Realty Trust (NYSE:DLR) last announced its 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. 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The company’s 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, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

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.