Gerber Kawasaki Wealth & Investment Management Purchases 2,297 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Gerber Kawasaki Wealth & Investment Management increased its stake in Digital Realty Trust by 25.5%, acquiring an additional 2,297 shares during the first quarter, bringing their total to 11,298 shares valued at $1.619 million.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, exceeding analysts' expectations of $1.74, and announced a quarterly dividend of $1.22 per share payable on September 30th.
• Institutional investors currently own 99.71% of Digital Realty Trust's stock, with various hedge funds also significantly altering their positions in the company during the first quarter.

Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 25.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,298 shares of the real estate investment trust's stock after purchasing an additional 2,297 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in Digital Realty Trust were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust during the first quarter worth approximately $26,000. Key Financial Inc raised its position in 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 buying an additional 138 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at $38,000. GKV Capital Management Co. Inc. purchased a new stake in Digital Realty Trust in the 1st quarter valued at $38,000. Finally, Grove Bank & Trust raised its position in Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $0.83 on Monday, hitting $167.74. 1,628,366 shares of the stock were exchanged, compared to its average volume of 1,405,505. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $57.21 billion, a PE ratio of 44.03, a P/E/G ratio of 4.82 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 firm's 50 day moving average is $171.79 and its two-hundred day moving average is $163.63.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.13. The company 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 firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust's payout ratio is presently 128.08%.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DLR. Raymond James Financial increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Stifel Nicolaus upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two investment 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 assigned a Sell rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $190.74.

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.