Digital Realty Trust, Inc. $DLR Shares Sold by Iowa State Bank

Iowa State Bank trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,700 shares of the real estate investment trust’s stock after selling 321 shares during the quarter. Iowa State Bank’s holdings in Digital Realty Trust were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

DLR has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a report on Saturday, September 27th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a “buy” rating in a research note on Wednesday, July 30th. Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, June 17th. Finally, Raymond James Financial raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.44.

Digital Realty Trust Stock Up 1.6%

Shares of NYSE:DLR opened at $176.56 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a 50 day moving average price of $170.00 and a two-hundred day moving average price of $166.15. The company has a market capitalization of $60.22 billion, a PE ratio of 46.34, a PEG ratio of 5.07 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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

Insider Activity at Digital Realty Trust

In related 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 value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

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.