Tranquility Partners LLC Sells 86 Shares of Digital Realty Trust, Inc. $DLR

Tranquility Partners LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,854 shares of the real estate investment trust’s stock after selling 86 shares during the quarter. Tranquility Partners LLC’s holdings in Digital Realty Trust were worth $323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $30,000. 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $31,000. Key Financial Inc increased its stake in 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 stake in Digital Realty Trust during the 1st quarter worth approximately $38,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research reports. 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 research note on Friday, July 25th. Barclays increased their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. Guggenheim initiated coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating for the company. Stifel Nicolaus increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $192.44.

Digital Realty Trust Trading Down 3.8%

NYSE:DLR opened at $168.62 on Friday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. 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 business has a 50 day moving average price of $169.81 and a two-hundred day moving average price of $166.82. The company has a market cap of $57.51 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 4.75 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The business’s 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. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is presently 128.08%.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Company 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.