Concurrent Investment Advisors LLC Has $3.59 Million Stock Position in Digital Realty Trust, Inc. $DLR

Key Points

• Concurrent Investment Advisors LLC increased its stake in Digital Realty Trust by 16.3% to a total of $3.59 million during the 2nd quarter, following additional purchases of 2,888 shares.
• Digital Realty Trust reported $1.87 earnings per share for the last quarter, surpassing analysts' expectations and reflecting 10% revenue growth year-over-year.
• The company's dividend yield stands at 2.8%, with an annualized dividend of $4.88, although its payout ratio is notably high at 128.08%.

Concurrent Investment Advisors LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 16.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,611 shares of the real estate investment trust's stock after buying an additional 2,888 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Digital Realty Trust were worth $3,593,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DLR. Canada Pension Plan Investment Board grew its holdings in Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Nuveen LLC acquired a new stake in Digital Realty Trust during the first quarter worth approximately $342,389,000. Vanguard Group Inc. lifted its position in Digital Realty Trust by 1.8% during 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 acquiring an additional 925,674 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Digital Realty Trust by 41.5% during the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after acquiring an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Digital Realty Trust by 37.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust's stock worth $431,256,000 after acquiring an additional 816,334 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $171.51 on Tuesday. The firm's fifty day moving average price is $169.79 and its two-hundred day moving average price is $167.18. The stock has a market cap of $58.49 billion, a PE ratio of 45.02, a PEG ratio of 4.75 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22.

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

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction on Monday, September 15th. The shares were 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 accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DLR has been the subject of several research reports. Mizuho raised their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Moffett Nathanson lifted their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Finally, Barclays lifted their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $191.05.

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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