Rafferty Asset Management LLC Sells 6,532 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Rafferty Asset Management LLC reduced its holdings in Digital Realty Trust by 15.9% in Q1, after selling 6,532 shares, now owning 34,501 shares valued at approximately $4.94 million.
• Digital Realty Trust reported quarterly earnings of $1.87 per share, surpassing estimates, with revenue up 10% year-over-year to $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share to be paid on September 30, reflecting a 2.9% yield.

Rafferty Asset Management LLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,501 shares of the real estate investment trust's stock after selling 6,532 shares during the period. Rafferty Asset Management LLC's holdings in Digital Realty Trust were worth $4,944,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DLR. Susquehanna Fundamental Investments LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth $1,460,000. Quarry LP purchased a new stake in Digital Realty Trust in the 4th quarter worth $80,000. Lido Advisors LLC increased its stake in Digital Realty Trust by 27.6% in the 4th quarter. Lido Advisors LLC now owns 6,523 shares of the real estate investment trust's stock worth $1,164,000 after buying an additional 1,410 shares in the last quarter. Utah Retirement Systems increased its stake in Digital Realty Trust by 3.0% in the 4th quarter. Utah Retirement Systems now owns 54,948 shares of the real estate investment trust's stock worth $9,744,000 after buying an additional 1,600 shares in the last quarter. Finally, Bison Wealth LLC increased its stake in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock worth $471,000 after buying an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 0.5%

NYSE DLR traded down $0.83 during trading on Friday, hitting $167.74. The stock had a trading volume of 1,628,366 shares, compared to its average volume of 1,405,505. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $57.21 billion, a price-to-earnings ratio of 44.03, a P/E/G ratio of 4.82 and a beta of 0.96. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock has a 50 day simple moving average of $171.79 and a 200 day simple moving average of $163.63.

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

Digital Realty Trust Announces Dividend

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 dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's payout ratio is currently 128.08%.

Insider Buying and Selling at Digital Realty Trust

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 transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Guggenheim began coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Finally, Stifel Nicolaus lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. 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 issued a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $190.74.

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.