Nicola Wealth Management LTD. Sells 7,900 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Nicola Wealth Management LTD. reduced its stake in Digital Realty Trust, Inc. by 43%, selling 7,900 shares during the first quarter, leaving them with 10,452 shares valued at approximately $1.5 million.
• Vanguard Group Inc. and Canada Pension Plan Investment Board significantly increased their stakes in Digital Realty Trust, reflecting growing institutional interest, with Vanguard acquiring an additional 925,674 shares.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, with an annualized dividend yield of 2.8%, set to be paid on September 30th to stockholders of record.

Nicola Wealth Management LTD. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 43.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,452 shares of the real estate investment trust's stock after selling 7,900 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Digital Realty Trust were worth $1,498,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. purchased a new position in Digital Realty Trust in the 1st quarter worth $26,000. WPG Advisers LLC purchased a new position in Digital Realty Trust in the 1st quarter worth $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the 1st quarter worth $31,000. Key Financial Inc raised its position in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in Digital Realty Trust in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on DLR. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Raymond James Financial lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Trading Down 0.7%

Shares of DLR stock traded down $1.17 during mid-day trading on Friday, reaching $173.50. The stock had a trading volume of 1,341,254 shares, compared to its average volume of 1,551,391. The stock's 50-day moving average price is $170.48 and its two-hundred day moving average price is $163.85. The firm has a market capitalization of $59.17 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 4.99 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 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid 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 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

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.