Digital Realty Trust, Inc. $DLR Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312 shares of the real estate investment trust’s stock after selling 189 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Digital Realty Trust were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in 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 purchasing an additional 925,674 shares in the last quarter. Canada Pension Plan Investment Board grew 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 worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Northern Trust Corp grew its stake 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 purchasing an additional 220,649 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after purchasing an additional 57,312 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock worth $586,414,000 after purchasing an additional 186,613 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 0.6%

Digital Realty Trust stock opened at $174.09 on Thursday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market capitalization of $59.37 billion, a P/E ratio of 45.69, a PEG ratio of 5.04 and a beta of 0.96. The stock has a 50-day simple moving average of $169.90 and a 200-day simple moving average of $166.44.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.65 EPS. The business’s quarterly 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. Equities research analysts expect 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. Shareholders of record on Monday, September 15th were paid 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 yield of 2.8%. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DLR shares. Stifel Nicolaus upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Mizuho upped their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday. Finally, Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.44.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate 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.