Digital Realty Trust, Inc. $DLR Holdings Decreased by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its holdings in Digital Realty Trust by 10.9%, selling 3,265 shares during the first quarter.
• Digital Realty Trust reported an earnings per share of $1.87 for the last quarter, surpassing analysts' expectations of $1.74, with a revenue of $1.49 billion.
• Wells Fargo & Company and Stifel Nicolaus raised their price targets for Digital Realty Trust to $195.00 and $205.00 respectively, both rating the stock as a buy.

Vident Advisory LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,652 shares of the real estate investment trust's stock after selling 3,265 shares during the quarter. Vident Advisory LLC's holdings in Digital Realty Trust were worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DLR. Canada Pension Plan Investment Board lifted its stake in shares of Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Nuveen LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $342,389,000. Deutsche Bank AG increased its holdings in Digital Realty Trust by 66.6% in the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC raised its position in Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after purchasing an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Digital Realty Trust during the fourth quarter worth about $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

DLR stock traded up $1.29 during midday trading on Thursday, reaching $162.79. The company had a trading volume of 695,169 shares, compared to its average volume of 2,052,201. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $171.09 and a 200 day moving average price of $163.64. The firm has a market capitalization of $55.52 billion, a PE ratio of 42.70, a P/E/G ratio of 4.82 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Analysts Set New Price Targets

DLR has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Raymond James Financial boosted their price target 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. Bank of America assumed coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Mizuho upped their target price 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, Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust 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.