Iowa State Bank Sells 321 Shares of Digital Realty Trust, Inc. $DLR

Iowa State Bank decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% during the 2nd quarter, Holdings Channel reports. The firm owned 14,700 shares of the real estate investment trust’s stock after selling 321 shares during the period. Iowa State Bank’s holdings in Digital Realty Trust were worth $2,563,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after buying an additional 925,674 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Digital Realty Trust by 4.3% in the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after buying an additional 220,649 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after purchasing an additional 57,312 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Digital Realty Trust by 4.8% in the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock valued at $586,414,000 after buying an additional 186,613 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR opened at $176.56 on Monday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a market cap of $60.22 billion, a PE ratio of 46.34, a P/E/G ratio of 5.07 and a beta of 0.96. The stock has a 50-day moving average of $170.00 and a 200-day moving average of $166.15. 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 (NYSE:DLR) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.Digital Realty Trust’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is currently 128.08%.

Analysts Set New Price Targets

A number of research firms have recently commented on DLR. Raymond James Financial boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Barclays increased their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a report on Wednesday, August 20th. Mizuho increased their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Guggenheim assumed coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating on the stock. Finally, Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.44.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

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.