Digital Realty Trust, Inc. $DLR Stock Holdings Lowered by Adelante Capital Management LLC

Key Points

• Adelante Capital Management LLC has reduced its stake in Digital Realty Trust by 15.8%, selling 80,397 shares, which now makes up 4.3% of its portfolio.
• Vanguard Group Inc. increased its holdings in Digital Realty Trust by 1.8%, while Canada Pension Plan Investment Board significantly boosted its stake by 63.0%.
• The company reported an earnings per share (EPS) of $1.87 for the latest quarter, surpassing analyst expectations, and has set its FY 2025 guidance between $7.150-$7.250 EPS.

Adelante Capital Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 427,306 shares of the real estate investment trust's stock after selling 80,397 shares during the quarter. Digital Realty Trust makes up 4.3% of Adelante Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Adelante Capital Management LLC owned 0.13% of Digital Realty Trust worth $61,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust in the first quarter valued at about $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $31,000. Key Financial Inc boosted its stake 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 worth $37,000 after buying an additional 138 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $10.12 during trading on Wednesday, reaching $174.10. 3,004,112 shares of the company's stock traded hands, compared to its average volume of 1,492,554. The firm's 50-day moving average is $170.38 and its 200 day moving average is $163.49. The company has a market capitalization of $59.38 billion, a P/E ratio of 23.29, a PEG ratio of 4.72 and a beta of 0.96. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The firm's quarterly 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 expect 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. Shareholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's payout ratio is currently 128.08%.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Barclays increased their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research report on Wednesday, August 20th. Oppenheimer started coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Finally, Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.