Sequoia Financial Advisors LLC Has $5.27 Million Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Digital Realty Trust, Inc. by 13.5%, now owning 30,242 shares valued at $5.27 million.
• Analysts have provided a consensus rating of "Moderate Buy" for Digital Realty Trust, with an average price target of $191.05.
• The company recently announced a quarterly dividend of $1.22, reflecting an annualized dividend yield of 2.8%.

Sequoia Financial Advisors LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,242 shares of the real estate investment trust's stock after purchasing an additional 3,602 shares during the period. Sequoia Financial Advisors LLC's holdings in Digital Realty Trust were worth $5,272,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DLR. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust during the first quarter valued at approximately $26,000. WPG Advisers LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $31,000. Key Financial Inc raised its position in 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 valued at $37,000 after acquiring an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $38,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLR. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Stifel Nicolaus increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company 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, October 8th. Mizuho lifted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Finally, Guggenheim assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $191.05.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the firm's 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Trading Up 0.2%

Shares of Digital Realty Trust stock opened at $171.85 on Wednesday. The company's fifty day simple moving average is $169.78 and its 200-day simple moving average is $167.21. The company has a market cap of $58.61 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 4.83 and a beta of 0.96. 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 1 year low of $129.95 and a 1 year high of $198.00.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion for 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%. Digital Realty Trust's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.22 dividend. 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 presently 128.08%.

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.

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.