1832 Asset Management L.P. Reduces Stock Position in Digital Realty Trust, Inc. $DLR

Key Points

• 1832 Asset Management L.P. has reduced its holdings in Digital Realty Trust by 47.2%, bringing its total shares to 71,254 after selling 63,660 shares in the first quarter.
• Digital Realty Trust recently announced a quarterly dividend of $1.22 per share, which will be paid on September 30th, resulting in an annualized yield of 2.9%.
• Analysts have raised price targets for Digital Realty Trust, with recommendations ranging from $195 to $205 per share, reflecting a consensus rating of "Moderate Buy" among research firms.

1832 Asset Management L.P. trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 47.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,254 shares of the real estate investment trust's stock after selling 63,660 shares during the period. 1832 Asset Management L.P.'s holdings in Digital Realty Trust were worth $10,210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust during the first quarter valued at $26,000. Key Financial Inc raised its holdings in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $38,000. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at about $38,000. Finally, Colonial Trust Co SC grew its holdings in shares of Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 0.6%

Shares of DLR stock traded down $0.96 on Thursday, hitting $168.77. 1,001,700 shares of the company's stock traded hands, compared to its average volume of 2,066,345. The stock has a market capitalization of $57.56 billion, a price-to-earnings ratio of 44.30, a P/E/G ratio of 4.83 and a beta of 0.92. The company's fifty day simple moving average is $172.10 and its 200 day simple moving average is $163.60. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) 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 analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company'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 analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DLR shares. Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday. Raymond James Financial increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

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.