Rep. Marjorie Taylor Greene Purchases Shares of Digital Realty Trust, Inc. (NYSE:DLR)

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 Price Performance

Shares of Digital Realty Trust stock opened at $173.62 on Thursday. The company has a 50-day simple moving average of $162.36 and a two-hundred day simple moving average of $152.93. Digital Realty Trust, Inc. has a twelve month low of $126.22 and a twelve month high of $193.88. The stock has a market capitalization of $57.59 billion, a price-to-earnings ratio of 145.90, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

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

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DLR. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays boosted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Truist Financial boosted their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $167.68.

Institutional Trading of Digital Realty Trust

Hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC increased its position in Digital Realty Trust by 6.3% during the third quarter. Mutual of America Capital Management LLC now owns 46,544 shares of the real estate investment trust’s stock valued at $7,532,000 after acquiring an additional 2,748 shares during the last quarter. Coastline Trust Co bought a new position in Digital Realty Trust in the 3rd quarter valued at $178,000. KCM Investment Advisors LLC increased its stake in Digital Realty Trust by 16.9% in the third quarter. KCM Investment Advisors LLC now owns 3,391 shares of the real estate investment trust’s stock worth $549,000 after purchasing an additional 490 shares during the period. Empowered Funds LLC increased its stake in Digital Realty Trust by 9.2% in the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 417 shares during the period. Finally, BluePointe Capital Management LLC lifted its position in shares of Digital Realty Trust by 4.5% during the third quarter. BluePointe Capital Management LLC now owns 3,179 shares of the real estate investment trust’s stock worth $514,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.