Wedbush Securities Inc. Has $345,000 Stock Position in Digital Realty Trust, Inc. $DLR

Wedbush Securities Inc. lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 22.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,978 shares of the real estate investment trust’s stock after selling 560 shares during the period. Wedbush Securities Inc.’s holdings in Digital Realty Trust were worth $345,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in Digital Realty Trust by 63.0% during the 1st 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 purchasing an additional 2,760,286 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth about $342,389,000. Vanguard Group Inc. lifted its position in Digital Realty Trust by 1.8% in the 1st 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 acquiring an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Digital Realty Trust by 41.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock valued at $448,422,000 after acquiring an additional 918,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Digital Realty Trust by 37.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $161.57 on Thursday. The firm has a market cap of $55.50 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The stock has a fifty day simple moving average of $171.63 and a two-hundred day simple moving average of $171.15. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’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. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent research reports. Moffett Nathanson upped their price target on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Daiwa Capital Markets assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 target price for the company. Weiss Ratings downgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a research report on Monday, October 20th. Finally, Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $198.14.

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.