Twin Tree Management LP Reduces Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Twin Tree Management LP has reduced its holdings in Digital Realty Trust, cutting its position by 29.5%, owning 48,718 shares after selling 20,356 shares this quarter.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, surpassing analysts' expectations by $0.13, alongside a revenue increase of 10.0% year-over-year.
• The company declared a quarterly dividend of $1.22 per share, resulting in an annualized yield of 2.8%, despite a payout ratio of 128.08%.

Twin Tree Management LP cut its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 29.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,718 shares of the real estate investment trust's stock after selling 20,356 shares during the quarter. Twin Tree Management LP's holdings in Digital Realty Trust were worth $8,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the 1st quarter valued at about $31,000. Key Financial Inc lifted its stake in Digital Realty Trust by 114.0% during the first 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 during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Digital Realty Trust in the first quarter valued at $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLR. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Raymond James Financial upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Barclays increased their price target 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. Finally, Stifel Nicolaus boosted 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 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $191.05.

Digital Realty Trust Stock Up 2.0%

Shares of NYSE DLR opened at $175.29 on Thursday. The firm has a 50 day moving average price of $169.90 and a 200 day moving average price of $167.27. The stock has a market cap 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. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The company's revenue for the quarter was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

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.

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