Midwest Trust Co Invests $21.92 Million in Digital Realty Trust, Inc. $DLR

Midwest Trust Co acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 125,730 shares of the real estate investment trust’s stock, valued at approximately $21,918,000.

Other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its position in Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after acquiring an additional 2,760,286 shares during the last quarter. Nuveen LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $342,389,000. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Digital Realty Trust by 41.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock valued at $448,422,000 after purchasing an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Trading Up 1.0%

DLR opened at $169.97 on Friday. The business has a 50 day simple moving average of $171.44 and a two-hundred day simple moving average of $170.89. The firm has a market capitalization of $58.39 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $1.67 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target for the company. Daiwa Capital Markets initiated coverage on Digital Realty Trust in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 target price for the company. Citigroup increased their target price on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Raymond James Financial lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.14.

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.