GC Wealth Management RIA LLC Has $2.17 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• GC Wealth Management RIA LLC increased its stake in Digital Realty Trust by 27.4%, owning 12,432 shares worth approximately $2.17 million at the end of the second quarter.
• The company recently reported earnings of $1.87 per share, beating the consensus estimate, with a revenue increase of 10% year-over-year.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, with an annualized yield of 2.8%, despite having a high dividend payout ratio of 128.08%.

GC Wealth Management RIA LLC lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 27.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,432 shares of the real estate investment trust's stock after purchasing an additional 2,674 shares during the period. GC Wealth Management RIA LLC's holdings in Digital Realty Trust were worth $2,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DLR. Canada Pension Plan Investment Board raised its position in shares of Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Nuveen LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth $342,389,000. GAMMA Investing LLC raised its position in shares of Digital Realty Trust by 13,842.2% during the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after purchasing an additional 1,123,018 shares during the period. Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after purchasing an additional 925,674 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Digital Realty Trust by 41.5% during the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after purchasing an additional 918,549 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $171.54 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The stock's 50-day moving average is $170.60 and its two-hundred day moving average is $165.36. The firm has a market cap of $58.51 billion, a P/E ratio of 45.02, a PEG ratio of 4.93 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm posted $1.65 EPS. The business's 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. Analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analyst Ratings Changes

DLR has been the topic of several recent analyst reports. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. 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 note on Friday, July 25th. Mizuho increased their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Barclays increased their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Finally, Raymond James Financial increased their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.17% of the company's stock.

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.

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