Probity Advisors Inc. Has $866,000 Position in Digital Realty Trust, Inc. $DLR

Probity Advisors Inc. raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,968 shares of the real estate investment trust’s stock after purchasing an additional 174 shares during the quarter. Probity Advisors Inc.’s holdings in Digital Realty Trust were worth $866,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Summit Place Financial Advisors LLC increased its stake in shares of Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 57 shares during the last quarter. Nvwm LLC increased its stake in shares of Digital Realty Trust by 1.9% in the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 60 shares during the last quarter. Riverbend Wealth Management LLC increased its stake in shares of Digital Realty Trust by 3.0% in the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 60 shares during the last quarter. Decatur Capital Management Inc. increased its stake in shares of Digital Realty Trust by 0.4% in the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock worth $2,337,000 after acquiring an additional 61 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Digital Realty Trust by 1.3% in the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after acquiring an additional 63 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Guggenheim initiated coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Finally, Raymond James Financial upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.38.

Digital Realty Trust Stock Up 0.1%

DLR stock opened at $172.91 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a 50-day moving average of $170.10 and a two-hundred day moving average of $168.23. The stock has a market capitalization of $58.97 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 4.86 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The business’s quarterly 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. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by company 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.