LDR Capital Management LLC Lowers Holdings in Digital Realty Trust, Inc. $DLR

LDR Capital Management LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,639 shares of the real estate investment trust’s stock after selling 901 shares during the quarter. Digital Realty Trust comprises approximately 1.5% of LDR Capital Management LLC’s holdings, making the stock its 23rd largest position. LDR Capital Management LLC’s holdings in Digital Realty Trust were worth $1,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Bison Wealth LLC boosted its holdings in shares of Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 390 shares during the last quarter. UMB Bank n.a. grew its holdings in Digital Realty Trust by 1.2% during the 1st quarter. UMB Bank n.a. now owns 28,432 shares of the real estate investment trust’s stock valued at $4,074,000 after buying an additional 330 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Digital Realty Trust by 13.6% during the 1st quarter. Capital Investment Advisors LLC now owns 62,023 shares of the real estate investment trust’s stock worth $8,887,000 after acquiring an additional 7,424 shares in the last quarter. Werlinich Asset Management LLC increased its position in Digital Realty Trust by 0.9% in the first quarter. Werlinich Asset Management LLC now owns 9,313 shares of the real estate investment trust’s stock worth $1,334,000 after purchasing an additional 80 shares during the last quarter. Finally, Vert Asset Management LLC lifted its position in Digital Realty Trust by 9.3% during the first quarter. Vert Asset Management LLC now owns 139,469 shares of the real estate investment trust’s stock valued at $19,985,000 after purchasing an additional 11,909 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DLR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Saturday, September 27th. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $192.44.

Digital Realty Trust Trading Up 1.6%

Shares of NYSE:DLR opened at $176.56 on Monday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $60.22 billion, a P/E ratio of 46.34, a P/E/G ratio of 5.07 and a beta of 0.96. The business’s 50-day moving average is $170.00 and its 200 day moving average is $166.15.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $1.65 earnings per share. 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 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.