Keeler Thomas Management LLC Sells 15,025 Shares of 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 cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 43.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,205 shares of the real estate investment trust's stock after selling 15,025 shares during the period. Digital Realty Trust accounts for about 1.3% of Keeler Thomas Management LLC's investment portfolio, making the stock its 23rd biggest holding. Keeler Thomas Management LLC's holdings in Digital Realty Trust were worth $2,752,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $26,000. Key Financial Inc raised its position in Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the first quarter valued at $38,000. Grove Bank & Trust lifted its stake in Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 230 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of Digital Realty Trust in the 1st quarter valued at about $49,000. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $169.36 on Thursday. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $57.76 billion, a price-to-earnings ratio of 44.45, a price-to-earnings-growth ratio of 3.20 and a beta of 0.92. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a 50-day simple moving average of $174.44 and a two-hundred day simple moving average of $163.89.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DLR shares. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, July 25th. Scotiabank lowered their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective for the company. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Guggenheim initiated coverage on 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 issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.68.

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.

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