Monument Capital Management Buys Shares of 1,684 Digital Realty Trust, Inc. $DLR

Key Points

• Monument Capital Management acquired a new stake by purchasing 1,684 shares of Digital Realty Trust, valued at approximately $294,000, during Q2.
• Digital Realty Trust reported a quarterly EPS of $1.87, exceeding analysts' expectations, with a revenue of $1.49 billion during the quarter.
• The company has set its FY 2025 earnings guidance at $7.150-7.250 EPS, with analysts predicting an average EPS of 7.07 for the current year.

Monument Capital Management bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,684 shares of the real estate investment trust's stock, valued at approximately $294,000.

A number of other institutional investors have also added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $26,000. WPG Advisers LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc grew its position in shares of 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 last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $168.62 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a 50 day simple moving average of $169.81 and a two-hundred day simple moving average of $166.70. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 4.94 and a beta of 0.96.

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, beating the consensus estimate 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 business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the business posted $1.65 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's payout ratio is presently 128.08%.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DLR shares. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Barclays lifted their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Finally, Raymond James Financial lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.44.

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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