Digital Realty Trust, Inc. $DLR Shares Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,830 shares of the real estate investment trust’s stock after acquiring an additional 264 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Digital Realty Trust were worth $2,411,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $26,000. WPG Advisers LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $30,000. 1 North Wealth Services LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at $31,000. Key Financial Inc lifted its holdings in shares of 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 valued at $37,000 after buying an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter worth $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DLR shares. Guggenheim started coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Raymond James Financial lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a report on Saturday, September 27th. Finally, Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.44.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $176.56 on Friday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $60.22 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 5.00 and a beta of 0.96. The stock’s fifty day simple moving average is $170.00 and its 200-day simple moving average is $165.94.

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

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s 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.