Balboa Wealth Partners Purchases 1,685 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Balboa Wealth Partners increased its stake in Digital Realty Trust by 65.1% during the second quarter, acquiring an additional 1,685 shares to bring its total holdings to 4,272 shares, valued at approximately $745,000.
• The company has reported a 10.0% year-over-year increase in revenue, totaling $1.49 billion for the most recent quarter, along with an EPS of $1.87 that surpassed analyst predictions.
• Digital Realty Trust announced a quarterly dividend of $1.22, translating to an annualized dividend yield of 2.8%, with a payout ratio of 128.08%.

Balboa Wealth Partners grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 65.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,272 shares of the real estate investment trust's stock after acquiring an additional 1,685 shares during the period. Balboa Wealth Partners' holdings in Digital Realty Trust were worth $745,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after buying an additional 2,760,286 shares during the last quarter. Northern Trust Corp lifted its position in Digital Realty Trust by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock worth $759,609,000 after buying an additional 220,649 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock worth $675,456,000 after acquiring an additional 57,312 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock worth $586,414,000 after acquiring an additional 186,613 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

DLR stock opened at $172.94 on Monday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market cap of $58.98 billion, a P/E ratio of 45.39, a price-to-earnings-growth ratio of 4.86 and a beta of 0.96. The business's fifty day moving average is $170.01 and its 200-day moving average is $167.98.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm's revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Raymond James Financial increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Guggenheim initiated coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Barclays upped their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley began coverage on Digital Realty Trust in a research report on Thursday. They issued an "equal weight" rating and a $195.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $191.25.

Insider Buying and Selling at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate 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.

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