Wright Investors Service Inc. Sells 2,486 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Wright Investors Service Inc. significantly reduced its stake in Digital Realty Trust by 66.9% in Q2, holding 1,229 shares valued at $214,000.
• Digital Realty Trust's latest earnings report showed an EPS of $1.87, exceeding analysts' expectations, with revenue increasing by 10% year-over-year.
• The company announced a quarterly dividend of $1.22, resulting in an annual yield of 2.8%, despite a high payout ratio of 128.08%.

Wright Investors Service Inc. reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 66.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,229 shares of the real estate investment trust's stock after selling 2,486 shares during the quarter. Wright Investors Service Inc.'s holdings in Digital Realty Trust were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

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

Digital Realty Trust Stock Up 0.6%

Shares of DLR stock traded up $1.07 during mid-day trading on Friday, reaching $172.43. 3,146,544 shares of the company's stock traded hands, compared to its average volume of 1,664,270. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a market cap of $58.81 billion, a P/E ratio of 45.26, a P/E/G ratio of 4.95 and a beta of 0.96. 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 company's 50-day moving average price is $170.71 and its 200-day moving average price is $164.48.

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, 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 for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The company's quarterly revenue 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. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 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 yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DLR. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Mizuho raised their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Barclays lifted their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Finally, Guggenheim began coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.74.

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.