Cyndeo Wealth Partners LLC Acquires 100 Shares of Digital Realty Trust, Inc. $DLR

Cyndeo Wealth Partners LLC lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the 2nd quarter, Holdings Channel reports. The fund owned 5,453 shares of the real estate investment trust’s stock after acquiring an additional 100 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Digital Realty Trust were worth $951,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the first quarter worth $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust during the first quarter worth $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth about $31,000. Key Financial Inc boosted its position in Digital Realty Trust by 114.0% during the first 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 period. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust in the first quarter valued at about $38,000. 99.71% of the stock is currently owned by institutional investors.

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 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 is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $168.62 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 stock has a market cap of $57.51 billion, a P/E ratio of 44.26, a PEG ratio of 4.94 and a beta of 0.96. The business’s 50-day moving average price is $169.81 and its two-hundred day moving average price is $166.70.

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, 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 for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted $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. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given 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 yield of 2.9%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Wells Fargo & Company increased their price target 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. Raymond James Financial raised their price target 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. Barclays lifted their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Stifel Nicolaus raised their target price 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.44.

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.