Fiduciary Alliance LLC Takes $837,000 Position in Digital Realty Trust, Inc. $DLR

Key Points

• Fiduciary Alliance LLC invested approximately $837,000 in Digital Realty Trust, acquiring 4,804 shares in the second quarter.
• The company's quarterly earnings report indicated earnings per share of $1.87, exceeding estimates, and revenue growth of 10% year-over-year.
• Digital Realty Trust announced a quarterly dividend of $1.22, representing an annual yield of 2.9%, despite a high payout ratio.

Fiduciary Alliance LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,804 shares of the real estate investment trust's stock, valued at approximately $837,000.

Several other hedge funds have also modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust in the 1st quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the 1st quarter valued at $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the 1st quarter valued at $31,000. Key Financial Inc lifted its holdings in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Digital Realty Trust during the 1st quarter worth $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

DLR traded up $1.07 during trading on Friday, reaching $172.43. 3,146,544 shares of the company were exchanged, compared to its average volume of 1,574,735. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The stock has a market cap of $58.81 billion, a P/E ratio of 45.26, a PEG ratio of 4.95 and a beta of 0.96. The firm has a 50 day moving average of $170.71 and a 200 day moving average of $164.37. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. The company'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. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insiders Place Their Bets

In related news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent analyst reports. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Guggenheim began coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Raymond James Financial upped 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. 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 report on Friday, July 25th. Finally, Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.