Premier Path Wealth Partners LLC Decreases Position in Digital Realty Trust, Inc. $DLR

Premier Path Wealth Partners LLC decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,094 shares of the real estate investment trust’s stock after selling 72 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Digital Realty Trust were worth $539,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Summit Place Financial Advisors LLC lifted its stake in Digital Realty Trust by 2.0% during 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 purchasing an additional 57 shares during the last quarter. Nvwm LLC lifted its stake in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 60 shares during the last quarter. Riverbend Wealth Management LLC lifted its stake in Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares during the last quarter. Decatur Capital Management Inc. lifted its stake in Digital Realty Trust by 0.4% during 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 purchasing an additional 61 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DLR. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research note on Friday, October 24th. Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a research report on Monday. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research report on Monday, October 20th. Guggenheim started coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating on the stock. Finally, Moffett Nathanson increased their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two equities 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.10.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Trading Up 2.1%

NYSE:DLR opened at $170.70 on Friday. The firm has a market cap of $58.22 billion, a P/E ratio of 44.11, a PEG ratio of 4.13 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $171.27 and its 200-day simple moving average is $169.86. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 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.