Wellington Management Group LLP Sells 163,300 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Wellington Management Group LLP reduced its stake in Digital Realty Trust by 50.1%, owned 162,378 shares after selling 163,300 shares in the first quarter.
• Digital Realty Trust reported earnings of $1.87 EPS in its latest quarter, exceeding expectations of $1.74 EPS, with a revenue increase of 10.0% year-over-year.
• The company announced a quarterly dividend of $1.22 per share, yielding 2.9%, with a payout ratio of 128.08%.

Wellington Management Group LLP lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 50.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,378 shares of the real estate investment trust's stock after selling 163,300 shares during the period. Wellington Management Group LLP's holdings in Digital Realty Trust were worth $23,267,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust in the first quarter worth about $26,000. Key Financial Inc grew its stake in shares of 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 worth $37,000 after purchasing an additional 138 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the first quarter worth about $38,000. GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust in the first quarter worth about $38,000. Finally, Grove Bank & Trust grew its stake in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Stifel Nicolaus raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Raymond James Financial raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Mizuho lifted their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Finally, Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Two research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Down 0.6%

Shares of DLR stock traded down $0.96 during trading hours on Thursday, hitting $168.77. 1,010,145 shares of the company's stock traded hands, compared to its average volume of 1,454,852. The stock's fifty day simple moving average is $171.95 and its two-hundred day simple moving average is $163.62. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market cap of $57.56 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 4.88 and a beta of 0.92. 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 (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.44 billion. During the same period last year, the business earned $1.65 earnings per share. The business'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, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm 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 $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust's dividend payout ratio is 128.08%.

About Digital Realty Trust

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.