Keeler Thomas Management LLC Reduces Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Keeler Thomas Management LLC reduced its stake in Digital Realty Trust by 43.9%, selling 15,025 shares in the first quarter, resulting in ownership of 19,205 shares valued at approximately $2.75 million.
• Digital Realty Trust recently reported $1.87 earnings per share for the quarter, surpassing analysts' estimates, along with a 10.0% year-over-year revenue growth to $1.49 billion.
• The company declared a quarterly $1.22 dividend, yielding 2.9%, though it has a payout ratio of 128.08%, indicating it pays out more than its earnings.

Keeler Thomas Management LLC decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 43.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,205 shares of the real estate investment trust's stock after selling 15,025 shares during the quarter. Digital Realty Trust comprises about 1.3% of Keeler Thomas Management LLC's investment portfolio, making the stock its 23rd largest position. Keeler Thomas Management LLC's holdings in Digital Realty Trust were worth $2,752,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in shares of Digital Realty Trust by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 434,333 shares of the real estate investment trust's stock valued at $77,020,000 after acquiring an additional 42,696 shares during the period. Wedbush Securities Inc. raised its stake in shares of Digital Realty Trust by 69.5% in the fourth quarter. Wedbush Securities Inc. now owns 3,064 shares of the real estate investment trust's stock valued at $543,000 after acquiring an additional 1,256 shares during the period. Bank of Montreal Can raised its stake in shares of Digital Realty Trust by 7.2% in the fourth quarter. Bank of Montreal Can now owns 326,624 shares of the real estate investment trust's stock valued at $57,920,000 after acquiring an additional 22,064 shares during the period. FIL Ltd raised its stake in shares of Digital Realty Trust by 31.3% in the fourth quarter. FIL Ltd now owns 333,364 shares of the real estate investment trust's stock valued at $59,115,000 after acquiring an additional 79,506 shares during the period. Finally, Bank of Nova Scotia raised its stake in shares of Digital Realty Trust by 6.7% in the fourth quarter. Bank of Nova Scotia now owns 43,332 shares of the real estate investment trust's stock valued at $7,684,000 after acquiring an additional 2,739 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays upped their price target on shares of Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Scotiabank cut their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Citigroup restated a "buy" rating and issued a $200.00 price target (up from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Finally, Guggenheim began coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Digital Realty Trust Price Performance

DLR traded down $0.72 on Monday, hitting $169.19. 328,936 shares of the company's stock were exchanged, compared to its average volume of 2,112,492. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week 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 50-day moving average price of $174.38 and a 200-day moving average price of $163.48. The stock has a market cap of $57.70 billion, a price-to-earnings ratio of 44.43, a P/E/G ratio of 4.89 and a beta of 0.92.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm earned $1.65 earnings per share. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by corporate 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.