Sequoia Financial Advisors LLC Purchases 3,602 Shares of Digital Realty Trust, Inc. $DLR

Sequoia Financial Advisors LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 13.5% in the 2nd quarter, Holdings Channel reports. The firm owned 30,242 shares of the real estate investment trust’s stock after buying an additional 3,602 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Digital Realty Trust were worth $5,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust in the first quarter valued at about $31,000. Key Financial Inc grew its stake in Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Digital Realty Trust during the first quarter worth approximately $38,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Moffett Nathanson boosted their target price on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Barclays boosted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Raymond James Financial lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.05.

Digital Realty Trust Stock Up 0.2%

NYSE DLR opened at $171.85 on Wednesday. The stock has a fifty day moving average of $169.78 and a 200-day moving average of $167.21. The stock has a market capitalization of $58.61 billion, a P/E ratio of 45.10, a price-to-earnings-growth ratio of 4.83 and a beta of 0.96. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 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.

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

Digital Realty Trust Dividend Announcement

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

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the firm’s 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 document filed with the SEC, which is available at the SEC website. Company insiders own 0.17% 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.