Centurion Wealth Management LLC Takes $663,000 Position in Digital Realty Trust, Inc. $DLR

Key Points

• Centurion Wealth Management LLC has acquired a new stake in Digital Realty Trust, purchasing 3,802 shares valued at approximately $663,000 during the second quarter.
• Digital Realty Trust's stock has received various upgrades from analysts, with price targets ranging from $141.00 to $210.00 and a consensus rating of "Moderate Buy."
• The company is set to pay a quarterly dividend of $1.22 on September 30, 2023, which gives an annualized yield of approximately 2.8%.

Centurion Wealth Management LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,802 shares of the real estate investment trust's stock, valued at approximately $663,000.

Several other hedge funds have also made changes to their positions in DLR. Canada Pension Plan Investment Board grew its stake in shares of Digital Realty Trust by 63.0% in the 1st 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 period. Nuveen LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $342,389,000. GAMMA Investing LLC boosted its position in shares of Digital Realty Trust by 13,842.2% during the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after purchasing an additional 1,123,018 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $182,126,000. Finally, Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 1.8% during the 1st 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 during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DLR shares. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Bank of America started coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Raymond James Financial increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Barclays increased their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $173.50 on Friday. The firm has a market cap of $59.17 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 5.02 and a beta of 0.96. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week 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's 50 day moving average is $170.48 and its two-hundred day moving average is $163.80.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $1.65 EPS. 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. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Digital Realty Trust Company 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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