Washington Trust Bank Purchases 901 Shares of Digital Realty Trust, Inc. $DLR

Washington Trust Bank lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,734 shares of the real estate investment trust’s stock after purchasing an additional 901 shares during the period. Washington Trust Bank’s holdings in Digital Realty Trust were worth $6,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust during the 1st quarter worth $26,000. WPG Advisers LLC bought a new position in Digital Realty Trust during the 1st quarter worth $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust during the 1st quarter worth $31,000. AdvisorShares Investments LLC bought a new position in Digital Realty Trust during the 2nd quarter worth $32,000. Finally, NewSquare Capital LLC increased its stake in Digital Realty Trust by 149.3% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 112 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Trading Down 1.1%

NYSE DLR opened at $166.47 on Thursday. 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, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market cap of $56.77 billion, a price-to-earnings ratio of 43.02, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The business’s fifty day moving average is $171.40 and its 200 day moving average is $170.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $1.67 EPS. Digital Realty Trust’s revenue for the quarter was up 10.2% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DLR. Raymond James Financial raised their price objective 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. Citigroup lifted their price target on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. TD Cowen lifted their price target on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Morgan Stanley began coverage on Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price target on the stock. Finally, Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

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.