Digital Realty Trust, Inc. $DLR Shares Sold by Capital Investment Counsel LLC

Capital Investment Counsel LLC decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 44,609 shares of the real estate investment trust’s stock after selling 1,380 shares during the period. Capital Investment Counsel LLC’s holdings in Digital Realty Trust were worth $7,777,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. New York Life Investment Management LLC raised its position in shares of Digital Realty Trust by 1.4% in the 2nd quarter. New York Life Investment Management LLC now owns 47,643 shares of the real estate investment trust’s stock worth $8,306,000 after buying an additional 659 shares during the period. Howard Capital Management Inc. raised its position in shares of Digital Realty Trust by 18.2% in the 2nd quarter. Howard Capital Management Inc. now owns 2,089 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 321 shares during the period. Motley Fool Asset Management LLC raised its position in shares of Digital Realty Trust by 9.9% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock worth $3,000,000 after buying an additional 1,548 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Digital Realty Trust by 10.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 11,323 shares of the real estate investment trust’s stock worth $1,974,000 after buying an additional 1,055 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Digital Realty Trust by 23.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 56,200 shares of the real estate investment trust’s stock worth $9,797,000 after buying an additional 10,700 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on DLR shares. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Raymond James Financial increased their target price 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. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $197.52.

Digital Realty Trust Trading Down 0.5%

NYSE:DLR opened at $178.30 on Tuesday. The business’s 50-day moving average is $170.93 and its two-hundred day moving average is $169.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm has a market capitalization of $60.81 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 4.96 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company posted $1.67 earnings per share. The firm’s revenue 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. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced 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 2.7%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

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.