Digital Realty Trust, Inc. $DLR Shares Sold by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC reduced its stake in Digital Realty Trust by 23.2%, now holding 45,352 shares valued at approximately $6.5 million.
• Several institutional investors, including Vanguard Group Inc. and Northern Trust Corp, increased their holdings in the company, highlighting a shift in investor sentiment towards Digital Realty Trust.
• D.B. Digital Realty Trust reported earnings of $1.87 per share for the last quarter, exceeding analyst expectations, with a revenue increase of 10% year-over-year.

Steward Partners Investment Advisory LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,352 shares of the real estate investment trust's stock after selling 13,708 shares during the period. Steward Partners Investment Advisory LLC's holdings in Digital Realty Trust were worth $6,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pacific Heights Asset Management LLC raised its holdings in shares of Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares during the period. Vectors Research Management LLC raised its holdings in shares of Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after acquiring an additional 2,930 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Digital Realty Trust by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after acquiring an additional 21,598 shares during the period. Brown Advisory Inc. raised its holdings in shares of Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after acquiring an additional 1,644 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after acquiring an additional 12,289 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup reiterated a "buy" rating and set a $200.00 price target (up previously from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Barclays raised their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust Trading Up 1.9%

NYSE DLR traded up $3.1570 during trading on Friday, hitting $166.9370. The stock had a trading volume of 1,355,862 shares, compared to its average volume of 1,395,521. The company has a market capitalization of $56.93 billion, a PE ratio of 43.82, a PEG ratio of 4.80 and a beta of 0.92. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $172.59 and a 200 day moving average price of $163.54. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.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. 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a 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%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

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.