US Bancorp DE Sells 1,141 Shares of Digital Realty Trust, Inc. $DLR

US Bancorp DE trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 200,746 shares of the real estate investment trust’s stock after selling 1,141 shares during the quarter. US Bancorp DE’s holdings in Digital Realty Trust were worth $34,998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after acquiring an additional 925,674 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after acquiring an additional 2,760,286 shares during the last quarter. Northern Trust Corp boosted its holdings in Digital Realty Trust by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock worth $759,609,000 after acquiring an additional 220,649 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after acquiring an additional 57,312 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock worth $586,414,000 after acquiring an additional 186,613 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

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 transaction of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of analyst reports. Barclays lifted their price objective 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. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Guggenheim started coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Raymond James Financial boosted 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. Finally, Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.44.

Digital Realty Trust Price Performance

NYSE DLR opened at $168.62 on Friday. The company has a market cap of $57.51 billion, a PE ratio of 44.26, a price-to-earnings-growth 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. 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’s 50-day simple moving average is $169.81 and its two-hundred day simple moving average is $166.70.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business 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 was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

About Digital Realty Trust

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.