Ameriprise Financial Inc. Has $75.28 Million Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Ameriprise Financial Inc. has decreased its stake in Digital Realty Trust, Inc. by 8.1%, holding 533,890 shares worth approximately $75.3 million at the end of the first quarter.
• Digital Realty Trust's stock price rose 1.4%, with a current share price of $168.19, while it has a market capitalization of $57.36 billion.
• The company announced a quarterly dividend of $1.22 per share, with a dividend yield of 2.9%, set to be paid on September 30th.

Ameriprise Financial Inc. reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 533,890 shares of the real estate investment trust's stock after selling 47,315 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.16% of Digital Realty Trust worth $75,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust during the 1st quarter worth approximately $26,000. Key Financial Inc increased its stake in shares of Digital Realty Trust by 114.0% in the first 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. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust during the 1st quarter valued at approximately $38,000. GKV Capital Management Co. Inc. acquired a new position in Digital Realty Trust in the first quarter valued at approximately $38,000. Finally, Grove Bank & Trust lifted its holdings in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 230 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLR. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Wells Fargo & Company upped their target price 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. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Stifel Nicolaus raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Barclays boosted 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. Two research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $190.74.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Trading Down 0.5%

Shares of NYSE:DLR traded down $0.83 during midday trading on Friday, reaching $167.74. The company had a trading volume of 1,628,366 shares, compared to its average volume of 1,407,194. The company has a fifty day simple moving average of $171.79 and a two-hundred day simple moving average of $163.64. The firm has a market cap of $57.21 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 4.85 and a beta of 0.92. 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, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

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 for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.Digital Realty Trust's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Digital Realty Trust Company 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.