First Citizens Bank & Trust Co. Invests $238,000 in Digital Realty Trust, Inc. $DLR

First Citizens Bank & Trust Co. acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,365 shares of the real estate investment trust’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Forum Financial Management LP lifted its stake in Digital Realty Trust by 21.6% during the 2nd quarter. Forum Financial Management LP now owns 2,181 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 387 shares during the period. Ethic Inc. lifted its stake in shares of Digital Realty Trust by 8.7% in the 2nd quarter. Ethic Inc. now owns 37,510 shares of the real estate investment trust’s stock valued at $6,428,000 after purchasing an additional 2,990 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at $229,000. Brookstone Capital Management lifted its stake in shares of Digital Realty Trust by 18.7% in the 2nd quarter. Brookstone Capital Management now owns 56,597 shares of the real estate investment trust’s stock valued at $9,867,000 after purchasing an additional 8,900 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Digital Realty Trust by 1.5% in the 2nd quarter. D.A. Davidson & CO. now owns 33,118 shares of the real estate investment trust’s stock valued at $5,774,000 after purchasing an additional 504 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $179.62 on Monday. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market capitalization of $61.26 billion, a price-to-earnings ratio of 46.41, a PEG ratio of 4.96 and a beta of 0.96. The company has a fifty day simple moving average of $170.66 and a 200-day simple moving average of $169.25. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. TD Cowen boosted their target price on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research note on Friday. Moffett Nathanson boosted their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Raymond James Financial boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Finally, Barclays boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $196.67.

About Digital Realty Trust

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.