Oak Harvest Investment Services Sells 8,578 Shares of 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 trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 17.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DLR. Price T Rowe Associates Inc. MD grew its position in Digital Realty Trust by 71.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 742,238 shares of the real estate investment trust's stock valued at $131,623,000 after acquiring an additional 308,481 shares during the period. MGO One Seven LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth $266,000. Integrated Wealth Concepts LLC grew its holdings in shares of Digital Realty Trust by 2.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,360 shares of the real estate investment trust's stock worth $1,128,000 after purchasing an additional 180 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Digital Realty Trust by 8.8% during the fourth quarter. Capital Analysts LLC now owns 1,956 shares of the real estate investment trust's stock worth $347,000 after purchasing an additional 158 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Digital Realty Trust by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,779 shares of the real estate investment trust's stock worth $1,025,000 after purchasing an additional 192 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated 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 approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DLR shares. Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Stifel Nicolaus increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Finally, Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Trading Down 1.2%

Shares of DLR traded down $2.06 during trading hours on Friday, hitting $166.52. 453,587 shares of the stock traded hands, compared to its average volume of 2,059,387. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The business has a fifty day moving average of $171.95 and a 200-day moving average of $163.62. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $56.79 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 4.88 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating 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 analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 2.9%. Digital Realty Trust's dividend payout ratio is presently 128.08%.

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.