Sitrin Capital Management LLC Lowers Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Sitrin Capital Management LLC has reduced its stake in Digital Realty Trust by 5.9%, now owning 25,924 shares valued at approximately $4.52 million after selling 1,619 shares.
• Digital Realty's recent quarterly earnings report showed an EPS of $1.87, exceeding estimates, with revenue of $1.49 billion, representing a 10% year-over-year increase.
• The company's dividend was recently declared at $1.22 per share, translating to an annual yield of 2.8%, with a payout ratio of 128.08%.

Sitrin Capital Management LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,924 shares of the real estate investment trust's stock after selling 1,619 shares during the period. Digital Realty Trust comprises 2.3% of Sitrin Capital Management LLC's holdings, making the stock its 27th biggest holding. Sitrin Capital Management LLC's holdings in Digital Realty Trust were worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $31,000. Key Financial Inc raised its holdings in shares of 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 purchasing an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $38,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. 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. Barclays boosted their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Raymond James Financial boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Finally, Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.44.

Digital Realty Trust Stock Down 0.6%

DLR stock opened at $174.09 on Thursday. The firm's fifty day simple moving average is $169.90 and its 200-day simple moving average is $166.44. The company has a market capitalization of $59.37 billion, a P/E ratio of 45.69, a price-to-earnings-growth ratio of 5.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

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 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion for 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 business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

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.

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