Vert Asset Management LLC Decreases Position in Digital Realty Trust, Inc. $DLR

Key Points

• Vert Asset Management LLC reduced its stake in Digital Realty Trust, Inc. by 9.4%, now holding 126,304 shares, which constitute 8.0% of its portfolio.
• Digital Realty Trust reported $1.87 EPS for the last quarter, exceeding analysts' expectations, and set its FY 2025 guidance at 7.150-7.250 EPS.
• The company increased its quarterly dividend to $1.22 per share, reflecting an annualized yield of 2.8% despite a high payout ratio of 128.08%.

Vert Asset Management LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,304 shares of the real estate investment trust's stock after selling 13,165 shares during the quarter. Digital Realty Trust comprises 8.0% of Vert Asset Management LLC's portfolio, making the stock its biggest holding. Vert Asset Management LLC's holdings in Digital Realty Trust were worth $22,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust in the first quarter worth about $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $31,000. Key Financial Inc raised its stake in shares of Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after buying an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $38,000. Institutional investors own 99.71% of the company's stock.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $171.46 on Thursday. The stock has a market cap of $58.48 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 4.97 and a beta of 0.96. 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 50 day moving average price of $170.16 and a 200-day moving average price of $165.60. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

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

Digital Realty Trust Announces Dividend

The firm also recently disclosed 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 was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Raymond James Financial lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Barclays lifted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Finally, Guggenheim assumed coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. Two research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $190.74.

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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