Avanza Fonder AB Has $5.13 Million Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Avanza Fonder AB has reduced its stake in Digital Realty Trust by 4.9%, holding 29,444 shares worth approximately $5.13 million.
• Digital Realty Trust reported a quarterly EPS of $1.87, exceeding expectations, with revenue increasing by 10% year over year.
• The company's upcoming quarterly dividend of $1.22 will be paid out on September 30th, representing an annualized yield of 2.8%.

Avanza Fonder AB decreased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,444 shares of the real estate investment trust's stock after selling 1,517 shares during the quarter. Avanza Fonder AB's holdings in Digital Realty Trust were worth $5,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacific Heights Asset Management LLC raised its stake in shares of Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after purchasing an additional 25,000 shares during the period. Vectors Research Management LLC increased its position in shares of Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after acquiring an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Digital Realty Trust by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after acquiring an additional 21,598 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Digital Realty Trust by 9.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after acquiring an additional 12,289 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Up 0.6%

Shares of DLR opened at $172.43 on Friday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a market cap of $58.81 billion, a P/E ratio of 45.26, a P/E/G ratio of 4.95 and a beta of 0.96. 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 simple moving average of $170.71 and a two-hundred day simple moving average of $164.37.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business 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. Research analysts forecast 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. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio is presently 128.08%.

Insider Transactions at Digital Realty Trust

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DLR. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Barclays lifted their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Guggenheim began coverage on Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company lifted their price target 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 equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

About Digital Realty Trust

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.

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