RFG Advisory LLC Makes New $483,000 Investment in Digital Realty Trust, Inc. $DLR

Key Points

• RFG Advisory LLC made a new investment of approximately $483,000 in Digital Realty Trust, acquiring 2,770 shares during the second quarter.
• Digital Realty Trust recently reported strong quarterly earnings, with an EPS of $1.87, exceeding expectations and a year-over-year revenue increase of 10%.
• The stock has a consensus rating of "Moderate Buy" among analysts, with a target price averaging $191.25.

RFG Advisory LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,770 shares of the real estate investment trust's stock, valued at approximately $483,000.

A number of other large investors also recently bought and sold shares of DLR. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust during the 1st quarter worth approximately $26,000. WPG Advisers LLC bought a new position in Digital Realty Trust during the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust during the 1st quarter worth approximately $31,000. Key Financial Inc lifted its holdings 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 worth $37,000 after buying an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLR. Barclays increased their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Moffett Nathanson increased their price target on Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.25.

Digital Realty Trust Stock Down 0.6%

Shares of DLR stock opened at $172.94 on Friday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The stock has a market cap of $58.98 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 4.87 and a beta of 0.96. The business's fifty day moving average is $170.01 and its 200-day moving average is $167.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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 company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm earned $1.65 EPS. The firm'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. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.