Wealth Enhancement Advisory Services LLC Acquires 2,002 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Wealth Enhancement Advisory Services LLC increased its investment in Digital Realty Trust by 9.9%, acquiring an additional 2,002 shares, bringing its total holdings to 22,176 shares valued at approximately $3.83 million as of the end of the last quarter.
• CEO Andrew Power sold 53,269 shares of Digital Realty Trust for around $9.33 million in September, with insiders currently owning only 0.13% of the stock.
• Analysts have given Digital Realty Trust a consensus rating of "Moderate Buy", with targets ranging from $141 to $205, indicating a strong forecast for growth in the company's future performance.

Wealth Enhancement Advisory Services LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,176 shares of the real estate investment trust's stock after buying an additional 2,002 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Digital Realty Trust were worth $3,828,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $26,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust in the first quarter worth approximately $31,000. Key Financial Inc increased its stake in shares of 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 worth $37,000 after buying an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated 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 is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DLR shares. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Barclays increased their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Raymond James Financial raised their target price on 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. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. 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 report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued 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 a consensus price target of $190.74.

Digital Realty Trust Stock Down 0.3%

DLR stock opened at $171.48 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a market capitalization of $58.48 billion, a price-to-earnings ratio of 45.01, a price-to-earnings-growth ratio of 4.95 and a beta of 0.96. The business's 50 day moving average price is $170.73 and its two-hundred day moving average price is $164.96. 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 released its quarterly earnings results 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm's revenue was up 10.0% on a year-over-year basis. During the same period 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. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

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.

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR - Free Report).

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.