Stony Point Capital LLC Sells 6,657 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Stony Point Capital LLC reduced its stake in Digital Realty Trust by 6.8%, now owning 90,966 shares worth approximately $13.04 million after selling 6,657 shares in the 1st quarter.
• Digital Realty Trust reported $1.87 EPS for the most recent quarter, exceeding estimates, along with a revenue of $1.49 billion, up 10% year-over-year.
• The company also declared a quarterly dividend of $1.22 per share, with an annual yield of 2.9%, set to be paid on September 30th.

Stony Point Capital LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,966 shares of the real estate investment trust's stock after selling 6,657 shares during the period. Stony Point Capital LLC's holdings in Digital Realty Trust were worth $13,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth $26,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth $30,000. Key Financial Inc increased its stake 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 worth $37,000 after purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth $38,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 2.9%

Shares of NYSE:DLR traded down $4.78 during trading on Tuesday, reaching $162.86. The company's stock had a trading volume of 1,404,689 shares, compared to its average volume of 2,062,919. 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, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm's 50 day simple moving average is $171.60 and its two-hundred day simple moving average is $163.66. The stock has a market capitalization of $55.54 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 4.82 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.65 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DLR shares. Raymond James Financial upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Oppenheimer started coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Barclays upped their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Finally, Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.17% of the company's stock.

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.