Beech Hill Advisors Inc. Sells 5,146 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Beech Hill Advisors Inc. has reduced its stake in Digital Realty Trust by 19.2%, selling 5,146 shares during the second quarter, leaving them with 21,633 shares valued at approximately $3.77 million.
• Digital Realty Trust reported an EPS of $1.87 for the last quarter, exceeding analyst expectations of $1.74, with revenues reaching $1.49 billion, up 10% year-over-year.
• The company recently declared a quarterly dividend of $1.22, translating to an annualized yield of 2.8%, although its dividend payout ratio stands at a high 128.08%.

Beech Hill Advisors Inc. lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 19.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,633 shares of the real estate investment trust's stock after selling 5,146 shares during the quarter. Digital Realty Trust makes up about 1.7% of Beech Hill Advisors Inc.'s investment portfolio, making the stock its 18th largest position. Beech Hill Advisors Inc.'s holdings in Digital Realty Trust were worth $3,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust during the first quarter worth $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth about $30,000. 1 North Wealth Services LLC acquired a new stake in shares of Digital Realty Trust during the 1st quarter valued at about $31,000. Key Financial Inc increased its stake in 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 period. Finally, GKV Capital Management Co. Inc. bought a new position in Digital Realty Trust during the first quarter worth about $38,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Up 0.1%

DLR stock opened at $172.91 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market cap of $58.97 billion, a P/E ratio of 45.38, a PEG ratio of 4.86 and a beta of 0.96. The business has a fifty day moving average of $170.10 and a 200-day moving average of $168.23.

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 EPS for the quarter, topping 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $1.65 earnings per share. The company'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. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $191.38.

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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