Crestwood Advisors Group LLC Boosts Holdings in Digital Realty Trust, Inc. $DLR
by Teresa Graham · The Cerbat GemCrestwood Advisors Group LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 4.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,213 shares of the real estate investment trust’s stock after purchasing an additional 566 shares during the period. Crestwood Advisors Group LLC’s holdings in Digital Realty Trust were worth $2,303,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth approximately $30,000. 1 North Wealth Services LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth approximately $31,000. AdvisorShares Investments LLC acquired a new stake in shares of Digital Realty Trust during the second quarter worth approximately $32,000. Finally, NewSquare Capital LLC grew its position in shares of Digital Realty Trust by 149.3% during the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Insider Buying and Selling at Digital Realty Trust
In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.
Digital Realty Trust Stock Performance
DLR stock opened at $166.47 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The stock has a market capitalization of $56.77 billion, a price-to-earnings ratio of 43.02, 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. The stock’s fifty day moving average is $171.40 and its two-hundred day moving average is $170.59.
Digital Realty Trust (NYSE:DLR – Get Free Report) 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 company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s payout ratio is currently 126.10%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on DLR shares. 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 for the company. Truist Financial raised their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a research report on Friday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.14.
View Our Latest Stock Analysis on Digital Realty Trust
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.
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