Digital Realty Trust, Inc. $DLR Shares Sold by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. significantly reduced its stake in Digital Realty Trust, Inc. by 99.2%, holding only 470 shares after selling 56,899 during the second quarter.
• Several hedge funds increased their positions in Digital Realty Trust, with Bison Wealth LLC boosting its stake by 17.2% and Continuum Advisory LLC by 25.0% in the fourth quarter.
• The average target price for Digital Realty Trust shares is currently set at $190.74, with a consensus rating of "Moderate Buy" from analysts.

Contravisory Investment Management Inc. decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 99.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470 shares of the real estate investment trust's stock after selling 56,899 shares during the quarter. Contravisory Investment Management Inc.'s holdings in Digital Realty Trust were worth $82,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DLR. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust in the 1st quarter valued at $26,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter valued at $30,000. 1 North Wealth Services LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter valued at $31,000. Key Financial Inc boosted its holdings in shares of Digital Realty Trust by 114.0% in the 1st 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 last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter valued at $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Barclays increased their price target 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. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Guggenheim assumed coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating on the stock. Finally, Mizuho increased 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 research analysts have rated the stock with a Strong Buy rating, fifteen have given 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.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Trading Up 0.6%

Digital Realty Trust stock traded up $1.07 during midday trading on Friday, hitting $172.43. 3,146,544 shares of the stock were exchanged, compared to its average volume of 1,574,735. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The stock has a market capitalization of $58.81 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 4.93 and a beta of 0.96. The stock's 50-day simple moving average is $170.71 and its 200 day simple moving average is $164.32. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.65 earnings per share. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a 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.