Swedbank AB Acquires 22,525 Shares of Digital Realty Trust, Inc. $DLR

Swedbank AB boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 325,368 shares of the real estate investment trust’s stock after acquiring an additional 22,525 shares during the period. Swedbank AB owned 0.10% of Digital Realty Trust worth $56,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust during the 1st quarter worth approximately $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the first quarter worth $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust in the first quarter worth $31,000. Key Financial Inc grew its holdings in shares of 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 buying an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at $38,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DLR. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Mizuho lifted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Finally, Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.74.

Insiders Place Their Bets

In other Digital Realty Trust 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 transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of DLR opened at $171.37 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market capitalization of $58.45 billion, a P/E ratio of 44.98, a P/E/G ratio of 4.92 and a beta of 0.96. The company has a 50 day moving average of $170.63 and a 200-day moving average of $164.21.

Digital Realty Trust (NYSE:DLR) last released its 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 net margin of 23.98% and a return on equity of 6.46%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. 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.