Digital Realty Trust, Inc. $DLR Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Digital Realty Trust by 7.4%, acquiring an additional 22,525 shares, bringing its total ownership to 325,368 shares valued at approximately $56.7 million.
• Recent analyst ratings for Digital Realty Trust include a price target increase from $185.00 to $195.00 by Wells Fargo, with a consensus average target price of $190.74.
• Digital Realty Trust recently declared a quarterly dividend of $1.22 per share, scheduled for payment on September 30th, with an annualized yield of 2.8%.

Swedbank AB grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 325,368 shares of the real estate investment trust's stock after acquiring an additional 22,525 shares during the quarter. Swedbank AB owned about 0.10% of Digital Realty Trust worth $56,721,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust during the 1st quarter worth $26,000. WPG Advisers LLC bought a new position in Digital Realty Trust in the first quarter valued at about $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust in the first quarter valued at about $31,000. Key Financial Inc raised its position in 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 purchasing an additional 138 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research analyst reports. Mizuho boosted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Barclays upped their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus upped 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Trading Up 0.6%

Shares of NYSE DLR traded up $1.07 during midday trading on Friday, reaching $172.43. The company had a trading volume of 3,146,544 shares, compared to its average volume of 1,574,735. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year 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's fifty day moving average price is $170.71 and its 200-day moving average price is $164.32. The stock has a market cap of $58.81 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 4.93 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 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Insider Activity

In other 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 value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.