KLP Kapitalforvaltning AS Decreases Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• KLP Kapitalforvaltning AS decreased its holdings in Digital Realty Trust by 0.9%, reducing their position to 157,781 shares, valued at approximately $27.5 million.
• CEO Andrew Power sold 53,269 shares of Digital Realty Trust for over $9.3 million, while insider ownership remains at 0.17% of the company stock.
• Digital Realty Trust's quarterly earnings outperformed estimates with an EPS of $1.87, alongside declaring a $1.22 quarterly dividend representing a yield of 2.8%.

KLP Kapitalforvaltning AS decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,781 shares of the real estate investment trust's stock after selling 1,500 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Digital Realty Trust were worth $27,506,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after buying an additional 925,674 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Northern Trust Corp grew its stake in shares of Digital Realty Trust by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after purchasing an additional 220,649 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock valued at $675,456,000 after purchasing an additional 57,312 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock valued at $586,414,000 after purchasing an additional 186,613 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Trading Down 1.1%

Shares of NYSE:DLR opened at $175.09 on Wednesday. The stock has a 50 day moving average of $169.96 and a 200 day moving average of $166.39. The company has a market cap of $59.71 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 5.09 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on DLR. Stifel Nicolaus boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Weiss Ratings restated a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Saturday, September 27th. Finally, Barclays boosted their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.44.

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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