Digital Realty Trust, Inc. $DLR Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its stake in Digital Realty Trust by 13.0% during the second quarter, selling 1,900 shares to hold a total of 12,660 shares valued at approximately $2.21 million.
• Digital Realty Trust reported earnings of $1.87 per share for the recent quarter, exceeding analysts' expectations, with revenues of $1.49 billion, a 10% year-over-year increase.
• The company has announced a quarterly dividend of $1.22 per share, representing an annualized yield of 2.8%, with a payout ratio currently at 128.08%.

Perpetual Ltd reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,660 shares of the real estate investment trust's stock after selling 1,900 shares during the quarter. Perpetual Ltd's holdings in Digital Realty Trust were worth $2,207,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after purchasing an additional 925,674 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Northern Trust Corp boosted its stake in shares of Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after purchasing an additional 220,649 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock valued at $675,456,000 after purchasing an additional 57,312 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock valued at $586,414,000 after purchasing an additional 186,613 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

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 transaction of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded down $1.56 during trading hours on Tuesday, hitting $173.13. 384,347 shares of the company were exchanged, compared to its average volume of 2,035,436. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. 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 business has a 50-day moving average of $170.79 and a 200-day moving average of $164.66. The stock has a market capitalization of $59.05 billion, a price-to-earnings ratio of 45.46, a P/E/G ratio of 4.95 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on DLR shares. Stifel Nicolaus boosted their target price on shares of 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 price objective on Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Mizuho raised their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Finally, Barclays raised their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Two investment 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.74.

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.