Trust Co. of Toledo NA OH Sells 304 Shares of Digital Realty Trust, Inc. $DLR

Trust Co. of Toledo NA OH lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. 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 SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacific Heights Asset Management LLC grew its holdings in shares of Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $14,329,000 after purchasing an additional 25,000 shares during the last quarter. Vectors Research Management LLC grew its holdings in Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust’s stock worth $3,082,000 after acquiring an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust’s stock worth $92,196,000 after acquiring an additional 21,598 shares during the last quarter. Brown Advisory Inc. grew its holdings in Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock worth $1,171,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Digital Realty Trust by 9.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock worth $20,110,000 after acquiring an additional 12,289 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 3.8%

Shares of NYSE DLR opened at $168.62 on Friday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The stock has a market cap of $57.51 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 4.94 and a beta of 0.96. The firm has a 50-day moving average of $169.81 and a 200 day moving average of $166.70. 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 (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the company posted $1.65 EPS. Digital Realty Trust’s revenue 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. 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 Dividend Announcement

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

Analysts Set New Price Targets

DLR has been the topic of a number of recent analyst reports. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday. Guggenheim started coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating for the company. Finally, Barclays raised their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $192.44.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated 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 legal filing 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 Company 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.