Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) CEO Andrew Power sold 4,731 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $175.10, for a total value of $828,398.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Andrew Power also recently made the following trade(s):
- On Monday, September 15th, Andrew Power sold 53,269 shares of Digital Realty Trust stock. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04.
Digital Realty Trust Stock Performance
Shares of Digital Realty Trust stock traded up $1.07 during trading on Friday, hitting $172.43. 3,146,544 shares of the company's stock traded hands, compared to its average volume of 1,574,735. The stock has a market capitalization of $58.81 billion, a P/E ratio of 45.26, a PEG ratio of 4.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The business has a 50-day simple moving average of $170.71 and a 200-day simple moving average of $164.32.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion during 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%.Digital Realty Trust's revenue for the quarter was up 10.0% compared to the same quarter last year. 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. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust's dividend payout ratio is presently 128.08%.
Institutional Trading of Digital Realty Trust
Several institutional investors have recently made changes to their positions in DLR. Norges Bank purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $3,808,270,000. Canada Pension Plan Investment Board boosted its stake in Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after buying an additional 2,760,286 shares during the last quarter. Nuveen LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $342,389,000. GAMMA Investing LLC boosted its stake in Digital Realty Trust by 13,842.2% during the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after buying an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on DLR shares. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Stifel Nicolaus upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.74.
Read Our Latest Stock Report on DLR
About Digital Realty Trust
(
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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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