Asset Management One Co. Ltd. Sells 6,747 Shares of Digital Realty Trust, Inc. $DLR

Asset Management One Co. Ltd. lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% in the second quarter, Holdings Channel reports. The institutional investor owned 636,677 shares of the real estate investment trust’s stock after selling 6,747 shares during the period. Asset Management One Co. Ltd.’s holdings in Digital Realty Trust were worth $110,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC increased its position in Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $14,329,000 after buying an additional 25,000 shares in the last quarter. Brown Advisory Inc. increased its position in Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after buying an additional 1,644 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock valued at $20,110,000 after buying an additional 12,289 shares in the last quarter. Vontobel Holding Ltd. increased its position in Digital Realty Trust by 71.2% during the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock valued at $3,873,000 after buying an additional 11,239 shares in the last quarter. Finally, Sovran Advisors LLC increased its position in Digital Realty Trust by 58.9% during the 1st quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust’s stock valued at $994,000 after buying an additional 2,444 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research analyst reports. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. Stifel Nicolaus lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Morgan Stanley initiated coverage on Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 target price for the company. Moffett Nathanson lifted their target price on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price for the company in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.05.

Digital Realty Trust Stock Performance

Shares of DLR opened at $175.44 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The firm has a market capitalization of $59.83 billion, a P/E ratio of 46.05, a PEG ratio of 4.86 and a beta of 0.96. The business has a fifty day moving average of $170.41 and a 200 day moving average of $168.55.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. Digital Realty Trust’s revenue 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. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust’s payout ratio is presently 128.08%.

Insider Activity 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 value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

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.