Digital Realty Trust, Inc. $DLR Stock Holdings Trimmed by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. reduced its stake in Digital Realty Trust by 9.5%, selling 3,809 shares and holding 36,363 shares worth approximately $5.21 million.
• Digital Realty Trust reported $1.87 EPS for the latest quarter, exceeding estimates, with revenues of $1.49 billion, reflecting a 10% year-over-year increase.
• The company announced a quarterly dividend of $1.22 per share, expected to yield around 3.0%, with a payout ratio currently at 128.08%.

Advisors Asset Management Inc. cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,363 shares of the real estate investment trust's stock after selling 3,809 shares during the quarter. Advisors Asset Management Inc.'s holdings in Digital Realty Trust were worth $5,210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Nvwm LLC lifted its position in Digital Realty Trust by 1.9% during the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after acquiring an additional 60 shares during the period. Decatur Capital Management Inc. increased its stake in Digital Realty Trust by 0.4% in the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock valued at $2,337,000 after purchasing an additional 61 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Digital Realty Trust by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust's stock valued at $683,000 after purchasing an additional 63 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC increased its stake in Digital Realty Trust by 3.2% in the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 66 shares in the last quarter. Finally, Probity Advisors Inc. increased its position in Digital Realty Trust by 1.5% during the first quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock worth $687,000 after buying an additional 70 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.7%

Shares of NYSE DLR traded up $2.66 during midday trading on Tuesday, reaching $163.87. 1,891,442 shares of the company's stock were exchanged, compared to its average volume of 2,050,374. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a market capitalization of $55.89 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 4.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The business's fifty day moving average price is $170.53 and its two-hundred day moving average price is $163.48.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results 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 analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's payout ratio is currently 128.08%.

Analyst Ratings Changes

Several equities analysts have weighed in on DLR shares. Barclays raised their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Bank of America assumed coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price target for the company. Stifel Nicolaus raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $190.74.

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.