Putney Financial Group LLC Cuts Stock Position in Digital Realty Trust, Inc. $DLR

Putney Financial Group LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 418 shares of the real estate investment trust’s stock after selling 65 shares during the period. Putney Financial Group LLC’s holdings in Digital Realty Trust were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DLR. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 925,674 shares during the period. Canada Pension Plan Investment Board lifted its position in 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 holdings in Digital Realty Trust by 4.3% in 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 during the period. Dimensional Fund Advisors LP grew its position in Digital Realty Trust by 1.2% in 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. raised its stake 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 purchasing an additional 186,613 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 2.1%

NYSE:DLR opened at $170.70 on Friday. The company has a market cap of $58.22 billion, a PE ratio of 44.11, a P/E/G ratio of 4.13 and a beta of 0.96. The business’s 50 day moving average is $171.27 and its two-hundred day moving average is $169.86. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

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

Digital Realty Trust Dividend Announcement

The firm also recently announced 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 dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Activity

In related 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DLR shares. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a report on Friday, October 24th. Citigroup upped their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Two 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.10.

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.