Digital Realty Trust, Inc. $DLR Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Digital Realty Trust by 7.3%, resulting in ownership of 26,295 shares valued at approximately $3.77 million.
• Major institutional investors like Vanguard Group Inc. and Northern Trust Corp increased their stakes in Digital Realty Trust during the first quarter, with Vanguard now holding 52,378,860 shares worth $7.51 billion.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, representing an annual yield of 2.9%, and its earnings report showed a revenue increase of 10% year-over-year.

Kestra Advisory Services LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,295 shares of the real estate investment trust's stock after selling 2,061 shares during the period. Kestra Advisory Services LLC's holdings in Digital Realty Trust were worth $3,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nvwm LLC raised its holdings 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 buying an additional 60 shares during the period. Decatur Capital Management Inc. raised its holdings in Digital Realty Trust by 0.4% in the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock valued at $2,337,000 after buying an additional 61 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its holdings in Digital Realty Trust by 3.2% in 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 buying an additional 66 shares during the period. Probity Advisors Inc. raised its holdings in Digital Realty Trust by 1.5% in the 1st quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock valued at $687,000 after buying an additional 70 shares during the period. Finally, Robbins Farley raised its holdings in Digital Realty Trust by 0.7% in the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock valued at $1,570,000 after buying an additional 71 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Oppenheimer initiated coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Bank of America initiated coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Trading Down 0.5%

NYSE DLR traded down $0.83 during trading on Monday, hitting $167.74. The stock had a trading volume of 1,628,366 shares, compared to its average volume of 1,405,505. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market capitalization of $57.21 billion, a PE ratio of 44.03, a PEG ratio of 4.82 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $171.60 and a 200 day moving average price of $163.66.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates 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 business 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 company posted $1.65 earnings per share. The business's revenue for the quarter 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 forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is currently 128.08%.

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.