Digital Realty Trust, Inc. $DLR Stock Position Cut by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in Digital Realty Trust by 6.7%, now holding 21,670 shares valued at approximately $3.1 million.
• Digital Realty Trust reported earnings of $1.87 per share for the latest quarter, exceeding analysts' expectations and achieving a 10% year-over-year revenue growth to $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share, with a projected annual yield of 2.9% and a payout ratio of 128.08%.

Candriam S.C.A. trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,670 shares of the real estate investment trust's stock after selling 1,564 shares during the period. Candriam S.C.A.'s holdings in Digital Realty Trust were worth $3,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stoneridge Investment Partners LLC acquired a new stake in shares of Digital Realty Trust during the first quarter valued at about $360,000. Dorsey & Whitney Trust CO LLC grew its stake in Digital Realty Trust by 33.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,350 shares of the real estate investment trust's stock valued at $767,000 after purchasing an additional 1,332 shares in the last quarter. Decatur Capital Management Inc. increased its holdings in Digital Realty Trust by 0.4% during the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock worth $2,337,000 after purchasing an additional 61 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Digital Realty Trust by 2.8% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 12,816 shares of the real estate investment trust's stock valued at $1,833,000 after purchasing an additional 346 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Digital Realty Trust by 242.9% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 87,362 shares of the real estate investment trust's stock valued at $12,518,000 after buying an additional 61,884 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $0.85 during mid-day trading on Thursday, hitting $168.89. The company had a trading volume of 216,098 shares, compared to its average volume of 2,064,712. 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 $57.60 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 4.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The firm's 50 day simple moving average is $172.10 and its two-hundred day simple moving average is $163.60.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were 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 trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on DLR shares. 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 report on Friday, July 25th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating on the stock. Bank of America assumed coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

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.