Digital Realty Trust, Inc. $DLR Stock Position Trimmed by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,988 shares of the real estate investment trust’s stock after selling 526 shares during the period. J. Safra Sarasin Holding AG’s holdings in Digital Realty Trust were worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DLR. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after buying an additional 925,674 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after acquiring an additional 2,760,286 shares in the last quarter. Northern Trust Corp boosted its position in Digital Realty Trust by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock worth $759,609,000 after acquiring an additional 220,649 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Digital Realty Trust by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after purchasing an additional 57,312 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock valued at $586,414,000 after purchasing an additional 186,613 shares during the period. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of several research analyst reports. Mizuho upped their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, June 17th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Guggenheim started coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating on the stock. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Raymond James Financial lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $190.74.

Insider Buying and Selling at Digital Realty Trust

In related 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

DLR opened at $173.67 on Friday. 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 firm has a market cap of $59.23 billion, a PE ratio of 45.58, a P/E/G ratio of 4.93 and a beta of 0.96. The business has a fifty day simple moving average of $170.03 and a 200-day simple moving average of $165.75. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $1.65 earnings per share. Digital Realty Trust’s revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

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.