Geneos Wealth Management Inc. Acquires 65 Shares of Digital Realty Trust, Inc. $DLR

Geneos Wealth Management Inc. raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,056 shares of the real estate investment trust’s stock after purchasing an additional 65 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Digital Realty Trust were worth $151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nvwm LLC increased its stake in Digital Realty Trust by 1.9% during the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 60 shares in the last quarter. Decatur Capital Management Inc. increased its stake in Digital Realty Trust by 0.4% during the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 61 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Digital Realty Trust by 1.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after purchasing an additional 63 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC increased its stake in Digital Realty Trust by 3.2% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 66 shares in the last quarter. Finally, Probity Advisors Inc. increased its stake in Digital Realty Trust by 1.5% during the 1st quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust’s stock valued at $687,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

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 dated Monday, September 15th. The shares were 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 SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Mizuho upped their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $190.74.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $174.00 on Wednesday. The company’s 50-day moving average is $170.62 and its 200 day moving average is $164.05. 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 $59.34 billion, a P/E ratio of 45.67, a price-to-earnings-growth ratio of 5.03 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

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 for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous 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 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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

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.