Digital Realty Trust, Inc. $DLR Stake Increased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 28.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,305 shares of the real estate investment trust’s stock after buying an additional 2,694 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Digital Realty Trust were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Bison Wealth LLC grew its stake in Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 390 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Digital Realty Trust by 1.8% during the first quarter. Envestnet Asset Management Inc. now owns 442,024 shares of the real estate investment trust’s stock worth $63,338,000 after purchasing an additional 7,691 shares during the period. TD Private Client Wealth LLC grew its position in Digital Realty Trust by 22.2% during the first quarter. TD Private Client Wealth LLC now owns 1,392 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 253 shares in the last quarter. Brown Advisory Inc. increased its stake 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 valued at $1,171,000 after buying an additional 1,644 shares during the period. Finally, Greenleaf Trust lifted its position in Digital Realty Trust by 3.9% in the 1st quarter. Greenleaf Trust now owns 4,630 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 172 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $169.97 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $171.44 and a 200-day simple moving average of $170.74. The stock has a market capitalization of $58.39 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Digital Realty Trust’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Analyst Ratings Changes

DLR has been the topic of several research analyst reports. Morgan Stanley assumed coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target on the stock. Barclays boosted their target price on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Wall Street Zen lowered Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday. Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Raymond James Financial boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Digital Realty Trust 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.