QTR Family Wealth LLC Raises Holdings in Digital Realty Trust, Inc. $DLR

QTR Family Wealth LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 31.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,864 shares of the real estate investment trust’s stock after buying an additional 687 shares during the quarter. QTR Family Wealth LLC’s holdings in Digital Realty Trust were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DLR. Pacific Heights Asset Management LLC lifted its stake in shares of Digital Realty Trust by 33.3% during 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 purchasing an additional 25,000 shares during the last quarter. Vectors Research Management LLC lifted its stake in shares of Digital Realty Trust by 15.8% during 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 purchasing an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Digital Realty Trust by 3.5% during 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 purchasing an additional 21,598 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Digital Realty Trust by 9.6% during 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 purchasing an additional 12,289 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DLR. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a “buy” rating in a research note on Wednesday, July 30th. Barclays increased their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Raymond James Financial increased 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 investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $190.74.

Digital Realty Trust Trading Up 1.6%

NYSE:DLR opened at $172.82 on Wednesday. The firm has a market cap of $58.94 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 4.89 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average price of $170.32 and a 200 day moving average price of $165.56. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The company 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%.Digital Realty Trust’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s payout ratio is presently 128.08%.

Insider Buying and Selling at Digital Realty Trust

In related 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 value of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

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.