Hudson Valley Investment Advisors Inc. ADV Trims Stock Position in Digital Realty Trust, Inc. $DLR

Hudson Valley Investment Advisors Inc. ADV cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,277 shares of the real estate investment trust’s stock after selling 177 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Digital Realty Trust were worth $397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $31,000. Key Financial Inc increased its position 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 during the period. Finally, GKV Capital Management Co. Inc. acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the 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 SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. Mizuho boosted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a report on Saturday, September 27th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Finally, Barclays upped their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.44.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $176.56 on Friday. The business’s fifty day moving average price is $170.00 and its two-hundred day moving average price is $165.94. The stock has a market cap of $60.22 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year 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 analysts’ consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.Digital Realty Trust’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts forecast 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. Shareholders of record on Monday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio 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.