Friedenthal Financial Makes New $959,000 Investment in Digital Realty Trust, Inc. $DLR

Key Points

• Friedenthal Financial invested approximately $959,000 in Digital Realty Trust by purchasing 5,499 shares in the second quarter.
• Several analysts have given Digital Realty Trust a strong sentiment, with two analysts rating it a "Strong Buy", and a price target range between $190.00 and $205.00.
• The company recently reported earnings exceeding expectations, with $1.87 EPS in its last quarter and a year-over-year revenue increase of 10%, totaling $1.49 billion.

Friedenthal Financial purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,499 shares of the real estate investment trust's stock, valued at approximately $959,000.

Other hedge funds have also modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the first quarter worth about $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust during the first quarter worth about $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the first quarter worth about $31,000. Key Financial Inc grew its holdings 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 buying an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the first quarter worth about $38,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Raymond James Financial increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Digital Realty Trust in a research report on Saturday, September 27th. Finally, Mizuho increased their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $192.44.

Digital Realty Trust Stock Performance

DLR opened at $175.09 on Wednesday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market cap of $59.71 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 5.09 and a beta of 0.96. The business has a 50 day moving average of $169.96 and a 200-day moving average of $166.39. 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 (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm posted $1.65 earnings per share. The business's 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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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