Balboa Wealth Partners Has $745,000 Holdings in Digital Realty Trust, Inc. $DLR

Balboa Wealth Partners raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 65.1% in the second quarter, Holdings Channel reports. The fund owned 4,272 shares of the real estate investment trust’s stock after acquiring an additional 1,685 shares during the period. Balboa Wealth Partners’ holdings in Digital Realty Trust were worth $745,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at approximately $26,000. WPG Advisers LLC bought a new position in Digital Realty Trust in the first quarter valued at approximately $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust in the first quarter valued at approximately $31,000. Key Financial Inc increased its position in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Guggenheim assumed coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating on the stock. Morgan Stanley began coverage on shares of Digital Realty Trust in a report on Thursday. They issued an “equal weight” rating and a $195.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.25.

Digital Realty Trust Trading Down 0.6%

Shares of Digital Realty Trust stock opened at $172.94 on Monday. The stock has a market cap of $58.98 billion, a P/E ratio of 45.39, a P/E/G ratio of 4.86 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The business’s 50 day moving average is $170.01 and its 200-day moving average is $167.98.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $1.65 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities 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 company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. 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 presently 128.08%.

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.