Diligent Investors LLC Sells 1,499 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Diligent Investors LLC reduced its stake in Digital Realty Trust by 35.9% during the second quarter, selling 1,499 shares and now owning 2,671 shares valued at about $466,000.
• Digital Realty Trust reported an earnings per share (EPS) of $1.87 for the last quarter, surpassing analysts' expectations of $1.74, with revenue increasing by 10% year-over-year.
• The firm's quarterly dividend was recently paid at $1.22 per share, resulting in an annualized yield of 2.8% despite a payout ratio of 128.08%.

Diligent Investors LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 35.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,671 shares of the real estate investment trust's stock after selling 1,499 shares during the quarter. Diligent Investors LLC's holdings in Digital Realty Trust were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the first quarter valued at $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at about $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the first quarter worth about $31,000. Key Financial Inc lifted its stake in shares of Digital Realty Trust by 114.0% in 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 in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $38,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Up 1.6%

DLR stock opened at $176.56 on Friday. The company has a market cap of $60.22 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 5.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The business's 50-day moving average is $170.00 and its two-hundred day moving average is $166.04. 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 results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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 report on Friday, July 25th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Raymond James Financial raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.44.

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.

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