Lyell Wealth Management LP Increases Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Lyell Wealth Management LP increased its stake in Digital Realty Trust, Inc. by 2.5% during the second quarter, owning 59,419 shares valued at approximately $10.36 million as of its latest filing.
• Digital Realty Trust reported a quarterly earnings per share (EPS) of $1.87, exceeding analyst estimates of $1.74, with revenue growth of 10% year-over-year.
• The company announced a quarterly dividend of $1.22, resulting in an annualized dividend yield of 2.8%, with a payout ratio of 128.08%.

Lyell Wealth Management LP raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,419 shares of the real estate investment trust's stock after buying an additional 1,457 shares during the quarter. Lyell Wealth Management LP's holdings in Digital Realty Trust were worth $10,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Stephens Inc. AR boosted its position in Digital Realty Trust by 3.5% during the second quarter. Stephens Inc. AR now owns 34,329 shares of the real estate investment trust's stock worth $5,985,000 after acquiring an additional 1,154 shares during the last quarter. Balboa Wealth Partners lifted its stake in Digital Realty Trust by 65.1% in the 2nd quarter. Balboa Wealth Partners now owns 4,272 shares of the real estate investment trust's stock worth $745,000 after purchasing an additional 1,685 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Digital Realty Trust by 5.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,677 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 91 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $24,209,000. Finally, Chevy Chase Trust Holdings LLC increased its holdings in shares of Digital Realty Trust by 0.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 167,219 shares of the real estate investment trust's stock valued at $29,151,000 after purchasing an additional 1,221 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 0.6%

Shares of DLR stock opened at $172.94 on Monday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a market cap of $58.98 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 4.86 and a beta of 0.96. The company has a 50-day moving average of $170.01 and a two-hundred day moving average of $167.98. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

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

Digital Realty Trust Announces Dividend

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

Insider Buying and Selling

In related news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DLR. Guggenheim assumed coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Barclays boosted their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Finally, Moffett Nathanson raised their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.25.

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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