Oak Harvest Investment Services Has $5.79 Million Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Oak Harvest Investment Services reduced its stake in Digital Realty Trust by 17.5%, selling 8,578 shares to hold a total of 40,435 shares valued at approximately $5.79 million.
• Despite the decrease from Oak Harvest, other large investors, including the Vanguard Group and Northern Trust Corp, have increased their holdings in Digital Realty Trust.
• Digital Realty Trust reported a 10.0% year-over-year revenue increase for the quarter, with an earnings per share (EPS) of $1.87, surpassing analyst expectations.

Oak Harvest Investment Services decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 17.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,435 shares of the real estate investment trust's stock after selling 8,578 shares during the period. Oak Harvest Investment Services' holdings in Digital Realty Trust were worth $5,794,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Quantitative Investment Management LLC bought a new position in Digital Realty Trust during the first quarter valued at about $3,057,000. Jump Financial LLC bought a new position in Digital Realty Trust during the first quarter valued at about $14,513,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in Digital Realty Trust by 399.6% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 966,936 shares of the real estate investment trust's stock valued at $138,552,000 after buying an additional 773,393 shares in the last quarter. Aew Capital Management L P raised its holdings in Digital Realty Trust by 5.4% during the first quarter. Aew Capital Management L P now owns 834,705 shares of the real estate investment trust's stock valued at $119,605,000 after buying an additional 42,960 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Digital Realty Trust by 0.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 23,645 shares of the real estate investment trust's stock valued at $3,388,000 after buying an additional 78 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Up 1.2%

NYSE:DLR traded up $2.07 during trading hours on Wednesday, hitting $169.99. 1,346,364 shares of the stock were exchanged, compared to its average volume of 1,443,927. The company's 50 day moving average is $172.23 and its two-hundred day moving average is $163.56. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. 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 company has a market capitalization of $57.97 billion, a P/E ratio of 44.62, a price-to-earnings-growth ratio of 4.83 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. 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 2.9%. Digital Realty Trust's dividend payout ratio is 128.08%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLR. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday. Guggenheim initiated coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating on the stock. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Oppenheimer assumed coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Finally, Raymond James Financial boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.74.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.