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

Key Points

• Resolution Capital Ltd has reduced its shares in Digital Realty Trust by 27.7%, now holding 2,371,198 shares, which represents about 6.6% of its total holdings.
• Digital Realty Trust reported $1.87 EPS, exceeding earnings estimates, and had revenues of $1.49 billion for the latest quarter, marking a 10% increase year-over-year.
• The company announced a quarterly dividend of $1.22 per share, resulting in an annualized yield of 3.0%, with a payout ratio at 128.08%.

Resolution Capital Ltd trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 27.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,371,198 shares of the real estate investment trust's stock after selling 908,787 shares during the period. Digital Realty Trust accounts for approximately 6.6% of Resolution Capital Ltd's holdings, making the stock its 6th largest position. Resolution Capital Ltd owned about 0.70% of Digital Realty Trust worth $339,769,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust in the first quarter worth approximately $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust in the first quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new stake in Digital Realty Trust in the first quarter worth approximately $31,000. Key Financial Inc grew its position in Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust in the first quarter worth approximately $38,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays boosted their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Finally, Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Stock Performance

NYSE:DLR traded up $2.66 during trading hours on Tuesday, hitting $163.87. 1,892,952 shares of the company traded hands, compared to its average volume of 1,452,816. The stock has a market capitalization of $55.89 billion, a price-to-earnings ratio of 43.01, a P/E/G ratio of 4.64 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a 50-day moving average of $170.38 and a 200 day moving average of $163.49. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

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 EPS for the quarter, beating 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 net margin of 23.98% and a return on equity of 6.46%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 yield of 3.0%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio is presently 128.08%.

About Digital Realty Trust

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.