1832 Asset Management L.P. Lowers Stake in Digital Realty Trust, Inc. $DLR

1832 Asset Management L.P. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 47.2% during the 1st quarter, HoldingsChannel reports. The firm owned 71,254 shares of the real estate investment trust’s stock after selling 63,660 shares during the period. 1832 Asset Management L.P.’s holdings in Digital Realty Trust were worth $10,210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacific Heights Asset Management LLC lifted its stake in shares of Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after acquiring an additional 25,000 shares during the period. Vectors Research Management LLC lifted its stake in shares of Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust’s stock worth $3,082,000 after acquiring an additional 2,930 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust’s stock worth $92,196,000 after acquiring an additional 21,598 shares during the period. Brown Advisory Inc. lifted its stake in shares of 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 worth $1,171,000 after acquiring an additional 1,644 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Digital Realty Trust by 9.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock worth $20,110,000 after acquiring an additional 12,289 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLR. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating for the company. JMP Securities restated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Bank of America began coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a “buy” rating and a $210.00 price objective for the company. Barclays raised their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research note on Wednesday. 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 research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.74.

Insiders Place Their Bets

In related news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares of the company’s stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Up 1.9%

Shares of NYSE DLR opened at $166.9370 on Friday. The stock has a market capitalization of $56.93 billion, a PE ratio of 43.82, a P/E/G ratio of 4.80 and a beta of 0.92. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $172.59 and a 200-day moving average of $163.57. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.08%.

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.