Digital Realty Trust, Inc. $DLR Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Digital Realty Trust by 45.6%, owning approximately 356,902 shares after selling 299,124 shares in the first quarter.
• Digital Realty Trust reported an earnings per share (EPS) of $1.87 for the last quarter, exceeding analysts' expectations of $1.74, with a revenue of $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share, with a dividend yield of 2.9%, and a payout ratio of 128.08%.

American Century Companies Inc. lowered its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 45.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 356,902 shares of the real estate investment trust's stock after selling 299,124 shares during the period. American Century Companies Inc. owned approximately 0.11% of Digital Realty Trust worth $51,140,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nvwm LLC grew its holdings in Digital Realty Trust by 1.9% in the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after purchasing an additional 60 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Digital Realty Trust by 3.2% in the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 66 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Digital Realty Trust by 1.5% in the 1st quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock worth $687,000 after purchasing an additional 70 shares in the last quarter. Robbins Farley grew its stake in Digital Realty Trust by 0.7% during the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after buying an additional 71 shares during the last quarter. Finally, Colonial Trust Co SC increased its position in Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust 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 sale, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent analyst reports. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Raymond James Financial lifted their target price on shares of 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. Stifel Nicolaus upped 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 note on Friday, July 25th. Mizuho raised 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. Finally, Citigroup reissued a "buy" rating and set a $200.00 price objective (up from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Stock Performance

NYSE DLR traded down $1.1370 on Monday, reaching $165.9230. 789,708 shares of the company's stock traded hands, compared to its average volume of 1,395,521. The firm has a market cap of $56.59 billion, a price-to-earnings ratio of 43.55, a P/E/G ratio of 4.80 and a beta of 0.92. The stock has a 50 day moving average price of $172.39 and a 200-day moving average price of $163.52. 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 announced 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 for 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared 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 2.9%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 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.