UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Lowers Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• UBS AM decreased its stake in Digital Realty Trust by 4.2% during Q1, selling 200,038 shares, holding approximately 1.37% of the company valued at $661.94 million.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, surpassing analysts' expectations, and its revenue surged by 10% year-over-year to $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share, reflecting a 3.0% dividend yield, with a payout ratio of 128.08%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,619,568 shares of the real estate investment trust's stock after selling 200,038 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.37% of Digital Realty Trust worth $661,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust during the first quarter worth $26,000. WPG Advisers LLC purchased a new position in shares of Digital Realty Trust during the first quarter worth $30,000. 1 North Wealth Services LLC purchased a new position in shares of Digital Realty Trust during the first quarter worth $31,000. Key Financial Inc boosted its position in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after buying an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the first quarter worth $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho raised their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Stifel Nicolaus upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $1.17 during mid-day trading on Friday, hitting $173.50. 1,341,254 shares of the stock were exchanged, compared to its average volume of 1,581,849. The stock's fifty day simple moving average is $170.48 and its two-hundred day simple moving average is $163.80. The stock has a market capitalization of $59.17 billion, a price-to-earnings ratio of 45.54, a P/E/G ratio of 5.02 and a beta of 0.96. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month 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 issued its quarterly earnings data 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 company 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 business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio (DPR) is presently 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.