Janney Montgomery Scott LLC Sells 5,819 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Janney Montgomery Scott LLC reduced its stake in Digital Realty Trust by 13.7% in Q2, selling 5,819 shares, and now holds 36,733 shares worth $6.4 million.
• CEO Andrew Power sold 53,269 shares at an average price of $175.16, totaling over $9.3 million in a transaction disclosed to the SEC.
• Digital Realty Trust reported a Q2 EPS of $1.87, surpassing estimates, with revenue of $1.49 billion, up 10% year-over-year, and has set FY 2025 EPS guidance between $7.150-$7.250.

Janney Montgomery Scott LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,733 shares of the real estate investment trust's stock after selling 5,819 shares during the quarter. Janney Montgomery Scott LLC's holdings in Digital Realty Trust were worth $6,404,000 as of its most recent SEC filing.

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

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $176.56 on Monday. The company has a market cap of $60.22 billion, a price-to-earnings ratio of 46.34, a price-to-earnings-growth ratio of 5.07 and a beta of 0.96. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $170.00 and a 200-day moving average of $166.15.

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

Digital Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on DLR shares. Mizuho upped their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Barclays upped their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Raymond James Financial upped their price objective on 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. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.44.

Digital Realty Trust Company 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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