D.A. Davidson & CO. Acquires 504 Shares of Digital Realty Trust, Inc. $DLR

D.A. Davidson & CO. boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,118 shares of the real estate investment trust’s stock after purchasing an additional 504 shares during the quarter. D.A. Davidson & CO.’s holdings in Digital Realty Trust were worth $5,774,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after acquiring an additional 220,649 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock valued at $675,456,000 after acquiring an additional 57,312 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock valued at $586,414,000 after buying an additional 186,613 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 1.8%

Shares of NYSE DLR opened at $175.44 on Friday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The business’s fifty day moving average price is $170.41 and its 200-day moving average price is $168.55. The stock has a market capitalization of $59.83 billion, a PE ratio of 46.05, a P/E/G ratio of 4.86 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The stock was 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. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. Morgan Stanley initiated coverage on Digital Realty Trust in a research report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Moffett Nathanson boosted their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.05.

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.