Focus Partners Wealth Acquires 1,798 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Focus Partners Wealth increased its stake in Digital Realty Trust, acquiring an additional 1,798 shares, bringing its total ownership to approximately 183,430 shares valued at $26.28 million.
• Several large institutional investors, including Vanguard Group and Canada Pension Plan Investment Board, also boosted their holdings, indicating strong institutional interest in DLR.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, exceeding analysts' expectations, and declared a quarterly dividend of $1.22 per share with an annual yield of 2.8%.

Focus Partners Wealth raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,430 shares of the real estate investment trust's stock after acquiring an additional 1,798 shares during the period. Focus Partners Wealth owned about 0.05% of Digital Realty Trust worth $26,284,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at approximately $30,000. 1 North Wealth Services LLC bought a new stake in Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc boosted its holdings in shares of 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 worth $37,000 after purchasing an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research reports. Mizuho upped their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Guggenheim began coverage on Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. 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. Finally, Wells Fargo & Company increased their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Trading Down 1.2%

Shares of DLR stock traded down $2.05 on Wednesday, reaching $171.81. 449,413 shares of the stock were exchanged, compared to its average volume of 2,037,953. The stock has a market cap of $58.60 billion, a P/E ratio of 45.15, a price-to-earnings-growth ratio of 5.03 and a beta of 0.96. 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 firm has a 50 day moving average of $170.62 and a two-hundred day moving average of $164.05. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping 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 business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $1.65 earnings per share. The company's quarterly revenue 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, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 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.