Mutual of America Capital Management LLC Has $7.18 Million Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Mutual of America Capital Management LLC has reduced its holdings in Digital Realty Trust by 11.4%, now owning 41,168 shares valued at approximately $7.18 million.
• Multiple institutional investors, including the Canada Pension Plan Investment Board, have significantly increased their stakes in Digital Realty Trust, indicating strong investor interest.
• Digital Realty Trust recently declared a quarterly dividend of $1.22 per share, representing a 2.8% yield, with a payout ratio of 128.08%.

Mutual of America Capital Management LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,168 shares of the real estate investment trust's stock after selling 5,309 shares during the quarter. Mutual of America Capital Management LLC's holdings in Digital Realty Trust were worth $7,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Canada Pension Plan Investment Board raised 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 worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth about $342,389,000. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.8% during 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 purchasing an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Digital Realty Trust by 41.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after purchasing an additional 918,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Digital Realty Trust by 37.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust's stock worth $431,256,000 after purchasing an additional 816,334 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wolfe Research raised Digital Realty Trust from a "peer perform" rating to an "outperform" rating and set a $194.00 price objective on the stock in a research note on Monday. Stifel Nicolaus raised their price objective 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. Finally, Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $191.38.

Digital Realty Trust Stock Up 0.1%

Shares of DLR stock opened at $172.91 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock's 50 day simple moving average is $170.10 and its 200 day simple moving average is $168.23. The company has a market capitalization of $58.97 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 4.86 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for 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 company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

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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