Price T Rowe Associates Inc. MD Sells 107,104 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Digital Realty Trust by 14.4%, selling 107,104 shares, and now owns 635,134 shares valued at approximately $91 million.
• Digital Realty Trust recently reported $1.87 EPS for the quarter, exceeding analysts' expectations, with a revenue of $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share, equating to an annualized dividend of $4.88 with a yield of 2.9%.

Price T Rowe Associates Inc. MD lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635,134 shares of the real estate investment trust's stock after selling 107,104 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.19% of Digital Realty Trust worth $91,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter worth about $26,000. Key Financial Inc boosted 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 valued at $37,000 after buying an additional 138 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $38,000. Opal Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at about $38,000. Finally, Colonial Trust Co SC boosted its position in Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares during the period. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 0.7%

Shares of Digital Realty Trust stock opened at $165.9230 on Tuesday. The firm's 50 day moving average price is $172.39 and its 200-day moving average price is $163.52. The company has a quick ratio of 2.22, a current 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. The company has a market cap of $56.59 billion, a P/E ratio of 43.55, a PEG ratio of 4.80 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. 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 previous year, the firm earned $1.65 EPS. The company's quarterly revenue 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 predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given 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 payout ratio is presently 128.08%.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The shares were 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. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on DLR. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. JMP Securities reissued a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Guggenheim began coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.