Metis Global Partners LLC Increases Position in Digital Realty Trust, Inc. $DLR

Metis Global Partners LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,579 shares of the real estate investment trust’s stock after acquiring an additional 9,685 shares during the period. Digital Realty Trust accounts for approximately 0.5% of Metis Global Partners LLC’s investment portfolio, making the stock its 27th biggest holding. Metis Global Partners LLC’s holdings in Digital Realty Trust were worth $21,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Summit Place Financial Advisors LLC increased its holdings in shares of Digital Realty Trust by 2.0% in 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 acquiring an additional 57 shares during the period. Nvwm LLC boosted its stake in Digital Realty Trust by 1.9% during the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 60 shares during the period. Riverbend Wealth Management LLC grew its position in Digital Realty Trust by 3.0% during the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares during the last quarter. Decatur Capital Management Inc. increased its stake in Digital Realty Trust by 0.4% in the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 61 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of Digital Realty Trust by 1.3% in the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after buying an additional 63 shares during 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 $169.97 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a 50-day simple moving average of $171.44 and a 200-day simple moving average of $170.74. The company has a market capitalization of $58.39 billion, a PE ratio of 43.92, 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 the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DLR shares. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a report on Friday, October 24th. Daiwa Capital Markets started coverage on Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective for the company. Truist Financial boosted their target price on Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Finally, TD Cowen lifted their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.14.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

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.