Riverbend Wealth Management LLC Purchases 60 Shares of Digital Realty Trust, Inc. $DLR

Riverbend Wealth Management LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,043 shares of the real estate investment trust’s stock after acquiring an additional 60 shares during the quarter. Riverbend Wealth Management LLC’s holdings in Digital Realty Trust were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DLR. Canada Pension Plan Investment Board boosted its stake in shares of Digital Realty Trust by 63.0% in the 1st 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 purchasing an additional 2,760,286 shares during the last quarter. Nuveen LLC acquired a new position in Digital Realty Trust in the first quarter valued at approximately $342,389,000. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 1.8% in the first 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 acquiring an additional 925,674 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in 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 worth $448,422,000 after acquiring an additional 918,549 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Digital Realty Trust by 37.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock valued at $431,256,000 after acquiring an additional 816,334 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Stifel Nicolaus increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Morgan Stanley started coverage on Digital Realty Trust in a research note on Thursday. They issued an “equal weight” rating and a $195.00 price target for the company. Finally, Moffett Nathanson increased 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 report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $191.25.

Insiders Place Their Bets

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

DLR stock opened at $174.02 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 firm has a market cap of $59.35 billion, a PE ratio of 45.67, a P/E/G ratio of 4.93 and a beta of 0.96. The business’s 50-day moving average price is $169.96 and its two-hundred day moving average price is $167.48.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.65 earnings per share. Digital Realty Trust’s revenue 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. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 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.