Wedbush Securities Inc. Sells 560 Shares of Digital Realty Trust, Inc. $DLR

Wedbush Securities Inc. lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust during the first quarter worth $26,000. AdvisorShares Investments LLC bought a new stake in Digital Realty Trust in the second quarter valued at about $32,000. NewSquare Capital LLC raised its position in shares of Digital Realty Trust by 149.3% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 112 shares during the period. AlphaQuest LLC boosted its position in shares of Digital Realty Trust by 163.5% during the second quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 121 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Digital Realty Trust in the second quarter valued at about $35,000. Institutional investors own 99.71% of the company’s stock.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Down 1.4%

NYSE DLR opened at $161.57 on Thursday. The business’s 50-day moving average price is $171.63 and its two-hundred day moving average price is $171.15. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm has a market capitalization of $55.50 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. 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 (NYSE:DLR) last issued its quarterly 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 firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The company’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. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current 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 3.0%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Wall Street Analyst Weigh In

DLR has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Citigroup upped their target price on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Moffett Nathanson upped their target price on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Daiwa Capital Markets started coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target on the stock. Finally, Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.