Jackson Grant Investment Advisers Inc. Grows Stake in Digital Realty Trust, Inc. $DLR

Jackson Grant Investment Advisers Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 159.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449 shares of the real estate investment trust’s stock after purchasing an additional 276 shares during the quarter. Jackson Grant Investment Advisers Inc.’s holdings in Digital Realty Trust were worth $78,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DLR. First County Bank CT purchased a new position in Digital Realty Trust in the 2nd quarter worth approximately $323,000. Walker Asset Management LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at $223,000. Smith Salley Wealth Management grew its holdings in Digital Realty Trust by 3.9% during the 2nd quarter. Smith Salley Wealth Management now owns 11,911 shares of the real estate investment trust’s stock valued at $2,077,000 after purchasing an additional 446 shares in the last quarter. Spirepoint Private Client LLC acquired a new stake in Digital Realty Trust during the 2nd quarter valued at $209,000. Finally, Signaturefd LLC increased its stake in Digital Realty Trust by 11.3% during the 2nd quarter. Signaturefd LLC now owns 4,716 shares of the real estate investment trust’s stock worth $822,000 after buying an additional 477 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.1%

Digital Realty Trust stock opened at $171.54 on Monday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The firm’s 50-day moving average is $170.60 and its 200-day moving average is $165.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market cap of $58.51 billion, a P/E ratio of 45.02, a PEG ratio of 4.93 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $1.65 earnings per share. Digital Realty Trust’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. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DLR. Wells Fargo & Company raised their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Raymond James Financial upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Mizuho raised their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.74.

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.