Trust Co. of Toledo NA OH Decreases Position in Digital Realty Trust, Inc. $DLR

Trust Co. of Toledo NA OH cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% in the second quarter, HoldingsChannel.com reports. The fund owned 8,731 shares of the real estate investment trust’s stock after selling 304 shares during the period. Trust Co. of Toledo NA OH’s holdings in Digital Realty Trust were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Summit Place Financial Advisors LLC grew its stake in shares of Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 57 shares during the period. Nvwm LLC grew its stake in shares of Digital Realty Trust by 1.9% in the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 60 shares during the period. Decatur Capital Management Inc. grew its stake in shares of Digital Realty Trust by 0.4% in the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock worth $2,337,000 after acquiring an additional 61 shares during the period. EP Wealth Advisors LLC grew its stake in shares of Digital Realty Trust by 1.3% in the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after acquiring an additional 63 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Digital Realty Trust by 6.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 65 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $168.62 on Friday. 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 company has a market capitalization of $57.51 billion, a P/E ratio of 44.26, a P/E/G ratio of 4.94 and a beta of 0.96. The firm’s 50 day simple moving average is $169.81 and its two-hundred day simple moving average is $166.70.

Digital Realty Trust (NYSE:DLR) last issued 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. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is 128.08%.

Analyst Ratings Changes

A number of analysts have recently commented on DLR shares. Wells Fargo & Company lifted their price target 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. Guggenheim started coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating for the company. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Barclays boosted their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Finally, Raymond James Financial boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.44.

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.