IFM Investors Pty Ltd Sells 7,596 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• IFM Investors Pty Ltd has reduced its stake in Digital Realty Trust by 6.0%, now owning 118,551 shares valued at approximately $20.67 million.
• Digital Realty recently reported a quarterly earnings per share of $1.87, exceeding estimates and reflecting a 10% increase in revenue compared to the previous year.
• The firm has announced a quarterly dividend of $1.22, representing an annualized yield of 2.8% with a payout ratio of 128.08%.

IFM Investors Pty Ltd reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,551 shares of the real estate investment trust's stock after selling 7,596 shares during the period. IFM Investors Pty Ltd's holdings in Digital Realty Trust were worth $20,667,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DLR. Bison Wealth LLC lifted its position in shares of Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock valued at $471,000 after purchasing an additional 390 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Digital Realty Trust by 11.7% during the fourth quarter. Tidal Investments LLC now owns 7,477 shares of the real estate investment trust's stock valued at $1,326,000 after purchasing an additional 785 shares in the last quarter. Woodline Partners LP bought a new position in shares of Digital Realty Trust during the fourth quarter valued at about $2,598,000. Continuum Advisory LLC lifted its position in shares of Digital Realty Trust by 25.0% during the fourth quarter. Continuum Advisory LLC now owns 410 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 82 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at about $576,000. 99.71% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $1.07 during midday trading on Friday, hitting $172.43. The company's stock had a trading volume of 3,146,544 shares, compared to its average volume of 1,574,735. The stock has a fifty day moving average price of $170.71 and a 200 day moving average price of $164.37. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $58.81 billion, a price-to-earnings ratio of 45.26, a P/E/G ratio of 4.95 and a beta of 0.96.

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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm 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 forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on DLR. Guggenheim started coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Mizuho lifted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Raymond James Financial lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

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.