CNB Bank Has $501,000 Holdings in Digital Realty Trust, Inc. $DLR

CNB Bank lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,875 shares of the real estate investment trust’s stock after selling 276 shares during the quarter. CNB Bank’s holdings in Digital Realty Trust were worth $501,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust during the first quarter valued at $26,000. AlphaQuest LLC increased its stake in Digital Realty Trust by 163.5% in the 2nd quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 121 shares during the period. WPG Advisers LLC acquired a new stake in shares of Digital Realty Trust during the 1st quarter valued at $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust in the first quarter worth $31,000. Finally, Key Financial Inc grew 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 valued at $37,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target on the stock in a research note on Monday. Raymond James Financial lifted their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday. Finally, TD Cowen boosted their price target on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.67.

Digital Realty Trust Stock Up 2.4%

Digital Realty Trust stock opened at $179.62 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a fifty day moving average price of $170.66 and a two-hundred day moving average price of $168.86. The firm has a market cap of $61.26 billion, a price-to-earnings ratio of 46.41, a P/E/G ratio of 4.94 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a return on equity of 6.50% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $1.67 earnings per share. The firm’s 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. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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 2.7%. Digital Realty Trust’s payout ratio is 128.08%.

Insiders Place Their Bets

In related 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 transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

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.