CHICAGO TRUST Co NA Grows Stock Position in Digital Realty Trust, Inc. $DLR

Key Points

• CHICAGO TRUST Co NA increased its stake in Digital Realty Trust, Inc. by 259.6% during Q2, now owning 6,055 shares valued at $1,056,000.
• Digital Realty Trust reported $1.87 EPS, exceeding estimates of $1.74, with a net margin of 23.98% and a quarterly revenue up 10% year-over-year.
• The company declared a quarterly dividend of $1.22 per share, with an annualized yield of 2.8% and a payout ratio of 128.08%.

CHICAGO TRUST Co NA boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 259.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,055 shares of the real estate investment trust's stock after buying an additional 4,371 shares during the period. CHICAGO TRUST Co NA's holdings in Digital Realty Trust were worth $1,056,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new stake in Digital Realty Trust during the 1st quarter worth approximately $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust during the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust during the 1st quarter worth approximately $31,000. Key Financial Inc increased its position in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $174.18 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The business's 50-day moving average price is $170.85 and its 200 day moving average price is $164.73. The firm has a market cap of $59.40 billion, a P/E ratio of 45.72, a P/E/G ratio of 5.02 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $1.65 EPS. Digital Realty Trust's quarterly revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company 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. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's payout ratio is presently 128.08%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DLR shares. Mizuho upped their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, 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 report on Friday, July 25th. Two research 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 given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Insider Buying and Selling

In related news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction dated 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 document filed with the SEC, which is available through this link. Insiders own 0.17% of the company's stock.

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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