Digital Realty Trust (NYSE:DLR) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Digital Realty Trust, Inc. (NYSE:DLR). In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Digital Realty Trust stock on November 1st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $181.06 on Wednesday. Digital Realty Trust, Inc. has a one year low of $126.22 and a one year high of $193.88. The business’s 50-day moving average price is $161.89 and its two-hundred day moving average price is $152.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The company has a market capitalization of $59.28 billion, a P/E ratio of 152.15, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.70%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after buying an additional 951,567 shares during the period. Canada Pension Plan Investment Board increased its position in Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc raised its holdings in Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after purchasing an additional 678,165 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Digital Realty Trust by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after purchasing an additional 228,585 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus restated a “buy” rating and set a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. TD Cowen lifted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $167.68.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.