S Bank Fund Management Ltd lowered its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,088 shares of the real estate investment trust's stock after selling 4,512 shares during the quarter. Digital Realty Trust comprises about 1.0% of S Bank Fund Management Ltd's holdings, making the stock its 22nd biggest holding. S Bank Fund Management Ltd's holdings in Digital Realty Trust were worth $6,814,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Summit Place Financial Advisors LLC raised its holdings in Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust's stock valued at $498,000 after acquiring an additional 57 shares in the last quarter. Nvwm LLC raised its holdings in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after purchasing an additional 60 shares in the last quarter. Decatur Capital Management Inc. raised its holdings in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock worth $2,337,000 after purchasing an additional 61 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust's stock worth $683,000 after purchasing an additional 63 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Digital Realty Trust by 6.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust's stock worth $151,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Insider Activity at Digital Realty Trust
In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.
Digital Realty Trust Stock Performance
Shares of DLR opened at $175.29 on Thursday. 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 $59.78 billion, a P/E ratio of 46.01, a P/E/G ratio of 4.84 and a beta of 0.96. The company's fifty day moving average is $169.90 and its two-hundred day moving average is $167.27. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.
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, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for 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%. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. 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 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's payout ratio is presently 128.08%.
Analysts Set New Price Targets
A number of research firms have weighed in on DLR. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Guggenheim initiated coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating on the stock. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $191.05.
Check Out Our Latest Stock Report on Digital Realty Trust
Digital Realty Trust Profile
(
Free Report)
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.
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