InTrack Investment Management Inc Reduces Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• InTrack Investment Management Inc significantly reduced its stake in Digital Realty Trust, cutting its holdings by 77.9% in the second quarter, leaving it with 1,209 shares valued at approximately $211,000.
• CEO Andrew Power sold 53,269 shares at an average price of $175.16, totaling around $9.33 million, while insiders own only 0.13% of the stock.
• Analysts have positive outlooks on Digital Realty Trust, with several firms raising their price targets, leading to a current consensus rating of "Moderate Buy" and an average price target of $192.44.

InTrack Investment Management Inc cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 77.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,209 shares of the real estate investment trust's stock after selling 4,254 shares during the quarter. InTrack Investment Management Inc's holdings in Digital Realty Trust were worth $211,000 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 stock. Greykasell Wealth Strategies Inc. purchased a new stake in Digital Realty Trust in the 1st quarter worth approximately $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc lifted its holdings in Digital Realty Trust by 114.0% in the 1st 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 during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth approximately $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business'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 filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLR. Wells Fargo & Company increased their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Raymond James Financial increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Stifel Nicolaus increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Digital Realty Trust in a research report on Wednesday. Finally, Barclays upped their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $192.44.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $174.09 on Thursday. The stock has a 50-day simple moving average of $169.90 and a two-hundred day simple moving average of $166.44. 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 quick ratio of 2.22 and a current ratio of 2.22. The firm has a market capitalization of $59.37 billion, a PE ratio of 45.69, a P/E/G ratio of 5.04 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. Digital Realty Trust's revenue for the quarter 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. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's payout ratio is presently 128.08%.

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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