Digital Realty Trust, Inc. $DLR Holdings Lessened by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC reduced its holdings in Digital Realty Trust by 12.8%, owning 152,561 shares worth approximately $26.6 million at the end of the last quarter.
• Institutional investors own 99.71% of Digital Realty Trust, indicating strong institutional interest in the stock.
• Digital Realty Trust recently announced a quarterly dividend of $1.22, with an annualized yield of 2.8%.

Easterly Investment Partners LLC cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 12.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,561 shares of the real estate investment trust's stock after selling 22,306 shares during the quarter. Digital Realty Trust makes up 1.9% of Easterly Investment Partners LLC's investment portfolio, making the stock its 5th biggest holding. Easterly Investment Partners LLC's holdings in Digital Realty Trust were worth $26,596,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC grew its position in shares of Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares during the last quarter. Vectors Research Management LLC raised its holdings in shares of Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after buying an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after buying an additional 21,598 shares during the period. Brown Advisory Inc. increased its position in Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 1,644 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after acquiring an additional 12,289 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DLR has been the subject of several analyst reports. Barclays upped their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Raymond James Financial boosted their target price on 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 raised their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $191.25.

Digital Realty Trust Stock Down 0.7%

DLR opened at $174.02 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market cap of $59.35 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 4.93 and a beta of 0.96. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The business's fifty day moving average is $169.96 and its two-hundred day moving average is $167.48.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts anticipate 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. Investors 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 yield of 2.8%. Digital Realty Trust's dividend payout ratio 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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