AAFMAA Wealth Management & Trust LLC Sells 2,088 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• AAFMAA Wealth Management & Trust LLC reduced its stake in Digital Realty Trust by 25.2%, selling 2,088 shares in the second quarter, and now holds a total of 6,196 shares valued at approximately $1.08 million.
• CEO Andrew Power sold 53,269 shares of Digital Realty Trust for over $9.3 million in mid-September, representing a significant insider transaction for the company.
• The company recently declared a quarterly dividend of $1.22 per share, reflecting an annualized dividend yield of 2.8%, with a high payout ratio of 128.08%.

AAFMAA Wealth Management & Trust LLC reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 25.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,196 shares of the real estate investment trust's stock after selling 2,088 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in Digital Realty Trust were worth $1,080,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $239,000. TD Private Client Wealth LLC raised its stake in Digital Realty Trust by 38.3% in the second quarter. TD Private Client Wealth LLC now owns 1,925 shares of the real estate investment trust's stock valued at $336,000 after buying an additional 533 shares during the period. Foster Victor Wealth Advisors LLC lifted its position in shares of Digital Realty Trust by 2.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 42,931 shares of the real estate investment trust's stock valued at $7,349,000 after buying an additional 1,073 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Digital Realty Trust by 8.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 592,348 shares of the real estate investment trust's stock worth $103,264,000 after acquiring an additional 44,187 shares during the period. Finally, Chronos Wealth Management LLC increased its holdings in shares of Digital Realty Trust by 1.9% during the 2nd quarter. Chronos Wealth Management LLC now owns 32,886 shares of the real estate investment trust's stock worth $5,733,000 after acquiring an additional 628 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Down 0.3%

Digital Realty Trust stock opened at $171.48 on Friday. The firm has a market cap of $58.48 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 4.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a 50 day moving average price of $170.73 and a two-hundred day moving average price of $164.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share 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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.65 EPS. The business'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. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have 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 company an "overweight" rating in a report on Friday, July 25th. Barclays raised their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Raymond James Financial upped their price target 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. Guggenheim assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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