AEGON ASSET MANAGEMENT UK Plc Sells 9,600 Shares of Digital Realty Trust, Inc. $DLR

AEGON ASSET MANAGEMENT UK Plc reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 14.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 57,974 shares of the real estate investment trust’s stock after selling 9,600 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Digital Realty Trust were worth $10,105,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pacific Heights Asset Management LLC raised its stake in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after buying an additional 25,000 shares in the last quarter. Vectors Research Management LLC increased its stake in shares of Digital Realty Trust by 15.8% during the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust’s stock valued at $3,082,000 after purchasing an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust’s stock valued at $92,196,000 after purchasing an additional 21,598 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Digital Realty Trust by 9.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock valued at $20,110,000 after purchasing an additional 12,289 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of a number of analyst reports. Mizuho raised 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 note on Tuesday, June 17th. Raymond James Financial raised their target price on shares of 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. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus increased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.05.

Insider Transactions at Digital Realty Trust

In other 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.2%

Shares of DLR stock opened at $171.85 on Wednesday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. 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 firm’s 50 day moving average is $169.78 and its 200 day moving average is $167.21. The stock has a market capitalization of $58.61 billion, a P/E ratio of 45.10, a P/E/G ratio of 4.83 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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 company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company posted $1.65 earnings per share. The firm’s quarterly 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. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. 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 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.