Asset Management One Co. Ltd. Sells 6,747 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Asset Management One Co. Ltd. reduced its stake in Digital Realty Trust, selling 6,747 shares and now holding approximately 636,677 shares valued at $110.99 million.
• Wall Street analysts are generally optimistic, with a consensus rating of "Moderate Buy" and a price target averaging $193.05 for Digital Realty Trust.
• Digital Realty Trust recently reported a 10.2% increase in revenue year-over-year, posting an EPS of $1.89 for the quarter, exceeding estimates by $0.11.

Asset Management One Co. Ltd. trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636,677 shares of the real estate investment trust's stock after selling 6,747 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Digital Realty Trust worth $110,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacific Heights Asset Management LLC grew its position in Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares during the last quarter. Brown Advisory Inc. grew its position in Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after acquiring an additional 1,644 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after acquiring an additional 12,289 shares during the last quarter. Vontobel Holding Ltd. grew its position in Digital Realty Trust by 71.2% during the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust's stock worth $3,873,000 after acquiring an additional 11,239 shares during the last quarter. Finally, Sovran Advisors LLC grew its position in Digital Realty Trust by 58.9% during the 1st quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust's stock worth $994,000 after acquiring an additional 2,444 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DLR shares. Stifel Nicolaus raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Guggenheim started coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating for the company. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Raymond James Financial increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Finally, Wolfe Research upgraded Digital Realty Trust from a "peer perform" rating to an "outperform" rating and set a $194.00 price objective for the company in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $193.05.

Digital Realty Trust Trading Up 1.8%

NYSE DLR opened at $175.44 on Friday. The stock has a market cap of $59.83 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 4.86 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 stock has a 50 day simple moving average of $170.41 and a two-hundred day simple moving average of $168.55. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.