Mendel Money Management Reduces Position in Digital Realty Trust, Inc. $DLR

Mendel Money Management cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,912 shares of the real estate investment trust’s stock after selling 92 shares during the period. Digital Realty Trust accounts for 1.3% of Mendel Money Management’s investment portfolio, making the stock its 27th largest holding. Mendel Money Management’s holdings in Digital Realty Trust were worth $2,948,000 at the end of the most recent quarter.

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

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

Shares of DLR opened at $174.31 on Wednesday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 45.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.96. The firm has a 50-day simple moving average of $171.09 and a 200-day simple moving average of $169.70. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, topping 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 business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s quarterly 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. On average, equities research 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid 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 was Monday, September 15th. Digital Realty Trust’s payout ratio is 126.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DLR. Cowen restated a “hold” rating on shares of Digital Realty Trust in a research report on Friday. Barclays boosted their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday. Daiwa Capital Markets assumed coverage on Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 target price on the stock. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research report on Friday. Finally, Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $197.52.

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.