APG Asset Management N.V. Sells 1,500 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• APG Asset Management N.V. reduced its stake in Digital Realty Trust by 0.9% in Q1, owning 165,300 shares valued at approximately $21.93 million following the sale of 1,500 shares.
• Digital Realty Trust reported a Q1 EPS of $1.87, exceeding analyst expectations, with revenues increasing by 10% year-over-year.
• The company has announced a quarterly dividend of $1.22, representing a 2.9% yield, with the payout ratio currently at 128.08%.

APG Asset Management N.V. trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 165,300 shares of the real estate investment trust's stock after selling 1,500 shares during the period. APG Asset Management N.V.'s holdings in Digital Realty Trust were worth $21,927,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust in the 1st quarter valued at $26,000. Key Financial Inc raised 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 valued at $37,000 after acquiring an additional 138 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Digital Realty Trust during the 1st quarter valued at $38,000. GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Finally, Grove Bank & Trust raised its holdings in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity 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 dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, 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 through the SEC website. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Down 0.6%

NYSE:DLR traded down $0.96 on Thursday, hitting $168.77. 1,010,145 shares of the company's stock were exchanged, compared to its average volume of 2,069,661. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a 50-day moving average price of $172.10 and a 200-day moving average price of $163.60. The company has a market cap of $57.56 billion, a P/E ratio of 44.30, a price-to-earnings-growth ratio of 4.83 and a beta of 0.92. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced 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. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust's dividend payout ratio is presently 128.08%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DLR shares. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial lifted 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 research report on Friday, July 25th. Stifel Nicolaus increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Oppenheimer initiated coverage on Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Finally, Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $190.74.

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.