Digital Realty Trust, Inc. $DLR Shares Sold by Avanza Fonder AB

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 cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional raised its stake in Digital Realty Trust by 33.2% during the second quarter. CX Institutional now owns 2,007 shares of the real estate investment trust's stock worth $350,000 after purchasing an additional 500 shares during the period. Weatherly Asset Management L. P. increased its stake in Digital Realty Trust by 2.2% during the second quarter. Weatherly Asset Management L. P. now owns 47,669 shares of the real estate investment trust's stock worth $8,310,000 after acquiring an additional 1,022 shares during the last quarter. Global X Japan Co. Ltd. raised its position in Digital Realty Trust by 23.2% in the second quarter. Global X Japan Co. Ltd. now owns 1,046 shares of the real estate investment trust's stock valued at $182,000 after purchasing an additional 197 shares during the period. LongView Wealth Management lifted its position in Digital Realty Trust by 8.6% in the second quarter. LongView Wealth Management now owns 4,384 shares of the real estate investment trust's stock valued at $764,000 after buying an additional 348 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Digital Realty Trust by 12.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 6,645 shares of the real estate investment trust's stock worth $1,158,000 after purchasing an additional 724 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR traded up $1.07 during midday trading on Friday, reaching $172.43. 3,146,544 shares of the stock were exchanged, compared to its average volume of 1,664,270. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. 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 company has a market capitalization of $58.81 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 4.95 and a beta of 0.96. The business's 50-day moving average price is $170.71 and its 200 day moving average price is $164.48.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. The company 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%.The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is 128.08%.

Analysts Set New Price Targets

DLR has been the subject of several research analyst reports. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Barclays boosted their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Raymond James Financial increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Mizuho boosted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.74.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the business'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 SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.