Digital Realty Trust, Inc. $DLR Position Cut by Putney Financial Group LLC

Putney Financial Group LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 418 shares of the real estate investment trust’s stock after selling 65 shares during the quarter. Putney Financial Group LLC’s holdings in Digital Realty Trust were worth $73,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DLR. Summit Place Financial Advisors LLC boosted its stake in Digital Realty Trust by 2.0% during the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 57 shares during the period. Nvwm LLC raised its holdings in shares of Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 60 shares during the last quarter. Riverbend Wealth Management LLC boosted its position in shares of Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the period. Decatur Capital Management Inc. grew its holdings in Digital Realty Trust by 0.4% in the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock worth $2,337,000 after buying an additional 61 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Digital Realty Trust by 1.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $170.70 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. The firm’s 50 day moving average is $171.27 and its 200-day moving average is $169.86. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market capitalization of $58.22 billion, a P/E ratio of 44.11, a P/E/G ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research note on Friday, October 24th. Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target on the stock. Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating for the company. Raymond James Financial raised their price objective on shares of 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. Finally, TD Cowen upped their target price on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $198.10.

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.