Andrew Power Sells 53,269 Shares of Digital Realty Trust (NYSE:DLR) Stock

Key Points

• Andrew Power, CEO of Digital Realty Trust, sold 53,269 shares on September 15th for a total of $9.33 million, indicating significant insider activity.
• The company's earnings per share for the last quarter was reported at $1.87, surpassing estimates by $0.13 and marking a 10% revenue increase compared to the previous year.
• Digital Realty Trust recently declared a quarterly dividend of $1.22, reflecting a dividend yield of 2.8%, along with a dividend payout ratio of 128.08%.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) 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.

Andrew Power also recently made the following trade(s):

• On Friday, September 12th, Andrew Power sold 4,731 shares of Digital Realty Trust stock. The stock was sold at an average price of $175.10, for a total value of $828,398.10.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded up $1.07 during trading on Friday, hitting $172.43. 3,146,544 shares of the company were exchanged, compared to its average volume of 1,574,735. The company has a market cap of $58.81 billion, a PE ratio of 45.26, a P/E/G ratio of 4.95 and a beta of 0.96. The stock has a 50 day moving average of $170.71 and a 200 day moving average of $164.37. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. 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 (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Institutional Trading of Digital Realty Trust

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Digital Realty Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust's stock worth $9,220,759,000 after purchasing an additional 513,697 shares during the last quarter. Norges Bank bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $3,808,270,000. State Street Corp boosted its position in Digital Realty Trust by 1.9% during the 2nd quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust's stock valued at $3,557,336,000 after acquiring an additional 376,699 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Digital Realty Trust by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust's stock worth $1,536,795,000 after purchasing an additional 196,579 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust's stock worth $1,282,446,000 after purchasing an additional 211,692 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DLR shares. Mizuho increased their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Raymond James Financial upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Guggenheim started coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

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.