Monument Capital Management Buys New Stake in Digital Realty Trust, Inc. $DLR

Monument Capital Management bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,684 shares of the real estate investment trust’s stock, valued at approximately $294,000.

Several other large investors have also recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth $31,000. Key Financial Inc increased its holdings 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 worth $37,000 after acquiring an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth $38,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $168.62 on Friday. The company has a fifty day simple moving average of $169.81 and a 200-day simple moving average of $166.70. 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 capitalization of $57.51 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 4.94 and a beta of 0.96. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, 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. Stockholders of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust’s payout ratio is presently 128.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a report on Wednesday. Guggenheim assumed coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Barclays upped their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Finally, Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $192.44.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.