Naviter Wealth LLC Has $4.13 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Naviter Wealth LLC increased its holdings in Digital Realty Trust by 7.1% in Q2, now owning 23,676 shares valued at approximately $4.13 million.
• Digital Realty Trust's quarterly earnings surpassed estimates, reporting $1.87 EPS against a consensus of $1.74, and revenue of $1.49 billion—a 10.0% year-over-year increase.
• The company declared a quarterly dividend of $1.22 per share with an annualized yield of 2.8%, despite a payout ratio of 128.08%.

Naviter Wealth LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,676 shares of the real estate investment trust's stock after buying an additional 1,566 shares during the period. Naviter Wealth LLC's holdings in Digital Realty Trust were worth $4,127,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacific Heights Asset Management LLC grew its stake in shares of Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after buying an additional 25,000 shares during the period. Vectors Research Management LLC lifted its position in Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after acquiring an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after acquiring an additional 21,598 shares in the last quarter. Brown Advisory Inc. lifted its position in Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Digital Realty Trust by 9.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after acquiring an additional 12,289 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $171.51 on Tuesday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company's 50 day moving average price is $169.79 and its two-hundred day moving average price is $167.18. 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 stock has a market cap of $58.49 billion, a P/E ratio of 45.02, a P/E/G ratio of 4.75 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its 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 firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities analysts predict 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 declared 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust's payout ratio is 128.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays raised their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research report on Wednesday, August 20th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Moffett Nathanson raised their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Guggenheim began coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Finally, Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $191.05.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Company 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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