Diligent Investors LLC Lowers Stake in Digital Realty Trust, Inc. $DLR

Diligent Investors LLC cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 35.9% in the second quarter, HoldingsChannel.com reports. The firm owned 2,671 shares of the real estate investment trust’s stock after selling 1,499 shares during the quarter. Diligent Investors LLC’s holdings in Digital Realty Trust were worth $466,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust during the first quarter valued at about $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at approximately $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc boosted its stake in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 138 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new stake in Digital Realty Trust during the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $176.56 on Friday. The company’s 50-day moving average price is $170.00 and its 200-day moving average price is $166.04. 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 company has a market cap of $60.22 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 5.07 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLR. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a report on Saturday, September 27th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Guggenheim initiated coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.44.

About Digital Realty Trust

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.