Triton Financial Group Inc Buys New Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Triton Financial Group Inc acquired a new stake in Digital Realty Trust, purchasing 12,568 shares valued at approximately $2.19 million, making it the firm's 18th largest position.
• Analysts have a consensus rating of "Moderate Buy" for Digital Realty Trust, with an average price target of $191.38 and several firms reiterating buy ratings recently.
• Digital Realty Trust declared a quarterly dividend of $1.22 per share, reflecting an annualized yield of 2.8%, although its dividend payout ratio stands at 128.08%.

Triton Financial Group Inc bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,568 shares of the real estate investment trust's stock, valued at approximately $2,191,000. Digital Realty Trust makes up approximately 1.6% of Triton Financial Group Inc's investment portfolio, making the stock its 18th biggest position.

A number of other large investors have also modified their holdings of DLR. Bison Wealth LLC raised its stake in shares of Digital Realty Trust by 17.2% in the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock valued at $471,000 after purchasing an additional 390 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Digital Realty Trust by 200.5% in the first quarter. Blue Trust Inc. now owns 1,644 shares of the real estate investment trust's stock valued at $236,000 after purchasing an additional 1,097 shares in the last quarter. Nilsine Partners LLC raised its stake in Digital Realty Trust by 6.5% during the first quarter. Nilsine Partners LLC now owns 1,907 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 117 shares in the last quarter. Kentucky Retirement Systems raised its stake in Digital Realty Trust by 7.0% during the first quarter. Kentucky Retirement Systems now owns 22,624 shares of the real estate investment trust's stock worth $3,242,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Digital Realty Trust during the first quarter worth $1,381,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on DLR. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Moffett Nathanson increased their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Morgan Stanley began coverage on Digital Realty Trust in a research note on Thursday, October 16th. They set an "equal weight" rating and a $195.00 price objective for the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $191.38.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $172.91 on Tuesday. The stock's fifty day moving average is $170.10 and its 200-day moving average is $168.23. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $58.97 billion, a PE ratio of 45.38, a PEG ratio of 4.86 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations 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 for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. The ex-dividend date 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 currently 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.

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