Sitrin Capital Management LLC Lowers Stock Position in Digital Realty Trust, Inc. $DLR

Sitrin Capital Management LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,924 shares of the real estate investment trust’s stock after selling 1,619 shares during the period. Digital Realty Trust accounts for 2.3% of Sitrin Capital Management LLC’s holdings, making the stock its 27th biggest position. Sitrin Capital Management LLC’s holdings in Digital Realty Trust were worth $4,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. Canada Pension Plan Investment Board lifted its holdings in Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Nuveen LLC purchased a new position in Digital Realty Trust during the first quarter valued at $342,389,000. Vanguard Group Inc. lifted its holdings in Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Digital Realty Trust by 41.5% during the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock valued at $448,422,000 after purchasing an additional 918,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Digital Realty Trust by 37.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock valued at $431,256,000 after purchasing an additional 816,334 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $174.09 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market cap of $59.37 billion, a P/E ratio of 45.69, a PEG ratio of 5.04 and a beta of 0.96. The company has a 50-day moving average price of $169.90 and a 200 day moving average price of $166.44. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $1.65 earnings per share. Digital Realty Trust’s revenue was up 10.0% compared to the same quarter last year. 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 year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given 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 (DPR) is presently 128.08%.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, July 25th. Mizuho increased their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday. Finally, Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.44.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust 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.