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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust in the first quarter worth $26,000. AdvisorShares Investments LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $32,000. NewSquare Capital LLC increased its stake in shares of Digital Realty Trust by 149.3% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 112 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Digital Realty Trust by 163.5% in the 2nd quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 121 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $35,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 1.0%

NYSE:DLR opened at $169.97 on Friday. The stock has a market cap 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 quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average price is $171.44 and its 200-day moving average price is $170.89. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the firm posted $1.67 EPS. The firm’s quarterly 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, equities research analysts forecast 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 will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLR. Cowen restated a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Wells Fargo & Company boosted 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. Moffett Nathanson upped their price target on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. lifted 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. Finally, TD Cowen boosted their target price on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.14.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

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.