1,336 Shares in Digital Realty Trust, Inc. $DLR Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,336 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Other institutional investors have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust in the first quarter worth about $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust in the first quarter worth about $30,000. 1 North Wealth Services LLC bought a new stake in Digital Realty Trust in the first quarter worth about $31,000. Key Financial Inc lifted its stake in Digital Realty Trust by 114.0% in 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 last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in Digital Realty Trust in the first quarter worth about $38,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus raised 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 note on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Raymond James Financial lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Moffett Nathanson lifted their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.25.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $172.94 on Friday. The firm has a market cap of $58.98 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 4.87 and a beta of 0.96. The company’s 50 day moving average is $170.01 and its 200 day moving average is $167.79. 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 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.