High Note Wealth LLC Sells 1,884 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• High Note Wealth LLC significantly reduced its stake in Digital Realty Trust by 70.1%, selling 1,884 shares and now holding only 802 shares valued at $140,000.
• Digital Realty Trust reported strong earnings with an EPS of $1.87, surpassing estimates, and year-over-year revenue growth of 10.0%, reaching $1.49 billion.
• The company recently declared a quarterly dividend of $1.22 per share, which reflects an annual dividend yield of 2.8% but also indicates a high dividend payout ratio of 128.08%.

High Note Wealth LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 70.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 802 shares of the real estate investment trust's stock after selling 1,884 shares during the period. High Note Wealth LLC's holdings in Digital Realty Trust were worth $140,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nvwm LLC raised its stake in Digital Realty Trust by 1.9% in the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock valued at $471,000 after acquiring an additional 60 shares during the period. Decatur Capital Management Inc. boosted its stake in shares of Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock valued at $2,337,000 after purchasing an additional 61 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Digital Realty Trust by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust's stock worth $683,000 after purchasing an additional 63 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Digital Realty Trust by 6.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust's stock valued at $151,000 after acquiring an additional 65 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Digital Realty Trust by 3.2% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $176.90 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a market capitalization of $60.33 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 5.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The business has a 50-day moving average of $170.03 and a 200-day moving average of $166.33.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (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 business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company's revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DLR shares. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Raymond James Financial increased 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 research note on Friday, July 25th. Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Barclays boosted their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Finally, Wells Fargo & Company upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $192.44.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

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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