Allworth Financial LP Sells 10,157 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Allworth Financial reduced its Digital Realty Trust position by 18.5% in the second quarter, selling 10,157 shares and retaining 44,829 shares valued at approximately $8.05 million. Institutional investors collectively own 99.71% of the company.
• Analyst sentiment remains favorable, with Digital Realty receiving a consensus “Moderate Buy” rating and an average price target of $219.45, despite mixed revisions to individual ratings and targets.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but its $1.21 EPS missed estimates of $1.98. The company declared a quarterly dividend of $1.22, equivalent to a 2.6% annualized yield.

Allworth Financial LP cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 18.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,829 shares of the real estate investment trust's stock after selling 10,157 shares during the period. Allworth Financial LP's holdings in Digital Realty Trust were worth $8,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. California State Teachers Retirement System grew its position in shares of Digital Realty Trust by 20,892.8% during the second quarter. California State Teachers Retirement System now owns 89,457,597 shares of the real estate investment trust's stock valued at $16,064,795,000 after purchasing an additional 89,031,462 shares in the last quarter. BlackRock Inc. bought a new position in Digital Realty Trust during the second quarter valued at $7,277,032,000. Cohen & Steers Inc. grew its holdings in Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the last quarter. Norges Bank purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $3,402,995,000. Finally, State Street Corp increased its stake in Digital Realty Trust by 1.1% in the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust's stock worth $3,219,256,000 after purchasing an additional 231,933 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Digital Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. Wells Fargo & Company raised Digital Realty Trust from an "overweight" rating to a "buy" rating in a research report on Wednesday, August 5th. Truist Financial cut their price objective on shares of Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $219.45.

Digital Realty Trust Stock Performance

DLR opened at $189.42 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The firm has a 50 day moving average of $186.78 and a two-hundred day moving average of $186.86. The firm has a market capitalization of $70.28 billion, a PE ratio of 91.95, a P/E/G ratio of 3.63 and a beta of 1.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The company's revenue for the quarter was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's payout ratio is 236.89%.

Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

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