Fifth Third Bancorp Buys 1,527 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Fifth Third Bancorp increased its investment in Digital Realty Trust, Inc. by 3.6%, acquiring an additional 1,527 shares, bringing its total holdings to 44,451 shares valued at approximately $7.75 million.
• CEO Andrew Power sold 53,269 shares for over $9.3 million at an average price of $175.16 per share, indicating significant insider trading activity.
• The company reported earnings of $1.87 EPS for the last quarter, surpassing analyst expectations, with a revenue of $1.49 billion, a year-over-year increase of 10%.

Fifth Third Bancorp lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,451 shares of the real estate investment trust's stock after purchasing an additional 1,527 shares during the quarter. Fifth Third Bancorp's holdings in Digital Realty Trust were worth $7,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust in the first quarter worth approximately $26,000. WPG Advisers LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust in the 1st quarter valued at approximately $31,000. Key Financial Inc boosted its stake in Digital Realty Trust by 114.0% during the 1st 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 during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter worth $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

DLR opened at $171.48 on Friday. The company's 50 day moving average is $170.73 and its 200 day moving average is $164.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company 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. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, 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. Investors 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 yield of 2.8%. Digital Realty Trust's payout ratio is 128.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Raymond James Financial upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Guggenheim initiated coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust 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.

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