Huntington National Bank Acquires 24,295 Shares of Digital Realty Trust, Inc. $DLR

Huntington National Bank grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,375 shares of the real estate investment trust’s stock after purchasing an additional 24,295 shares during the quarter. Huntington National Bank’s holdings in Digital Realty Trust were worth $42,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Brown Advisory Inc. boosted its holdings in shares of Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 1,644 shares in the last quarter. Seamount Financial Group Inc. purchased a new position in shares of Digital Realty Trust in the 1st quarter worth about $227,000. Allworth Financial LP boosted its holdings in shares of Digital Realty Trust by 5.6% in the 1st quarter. Allworth Financial LP now owns 41,935 shares of the real estate investment trust’s stock worth $6,447,000 after purchasing an additional 2,226 shares in the last quarter. Alpha Cubed Investments LLC boosted its holdings in shares of Digital Realty Trust by 102.6% in the 1st quarter. Alpha Cubed Investments LLC now owns 402,525 shares of the real estate investment trust’s stock worth $57,678,000 after purchasing an additional 203,799 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in shares of Digital Realty Trust by 9.9% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock worth $3,000,000 after purchasing an additional 1,548 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on 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 accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Trading Up 0.9%

NYSE DLR opened at $171.89 on Tuesday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The stock has a 50 day simple moving average of $171.46 and a two-hundred day simple moving average of $170.50. The stock has a market cap of $58.62 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business posted $1.67 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Guggenheim assumed coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. TD Cowen increased their target price on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Daiwa Capital Markets initiated coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 target price for the company. 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 investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.10.

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.