Montag A & Associates Inc. Sells 346 Shares of Digital Realty Trust, Inc. $DLR

Montag A & Associates Inc. decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,346 shares of the real estate investment trust’s stock after selling 346 shares during the quarter. Montag A & Associates Inc.’s holdings in Digital Realty Trust were worth $409,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Motley Fool Asset Management LLC boosted its holdings in Digital Realty Trust by 9.9% in the second quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock valued at $3,000,000 after acquiring an additional 1,548 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in Digital Realty Trust by 2.8% in the 1st quarter. Centersquare Investment Management LLC now owns 3,035,478 shares of the real estate investment trust’s stock worth $434,954,000 after purchasing an additional 82,420 shares in the last quarter. Ethic Inc. lifted its position in shares of Digital Realty Trust by 9.1% in the 1st quarter. Ethic Inc. now owns 34,520 shares of the real estate investment trust’s stock worth $5,042,000 after purchasing an additional 2,887 shares during the period. Plan Group Financial LLC boosted its stake in shares of Digital Realty Trust by 46.4% during the 1st quarter. Plan Group Financial LLC now owns 8,850 shares of the real estate investment trust’s stock valued at $1,268,000 after purchasing an additional 2,803 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in shares of Digital Realty Trust by 1,417.7% during the second quarter. Simon Quick Advisors LLC now owns 27,333 shares of the real estate investment trust’s stock valued at $4,765,000 after buying an additional 25,532 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

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

Wall Street Analysts Forecast Growth

DLR has been the subject of several research analyst reports. Barclays raised their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Raymond James Financial raised their target price on 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. Citigroup lifted their price target on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley began coverage on Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective for the company. Finally, Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $198.14.

Digital Realty Trust Stock Down 2.7%

DLR stock opened at $163.98 on Thursday. The business has a 50 day moving average of $171.63 and a 200 day moving average of $171.15. The firm has a market cap of $56.33 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. 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 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS 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. Shareholders of record on Monday, December 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

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.