Forum Financial Management LP Raises Holdings in Digital Realty Trust, Inc. $DLR

Forum Financial Management LP raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,181 shares of the real estate investment trust’s stock after acquiring an additional 387 shares during the quarter. Forum Financial Management LP’s holdings in Digital Realty Trust were worth $380,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new stake in Digital Realty Trust during the 1st quarter valued at $26,000. WPG Advisers LLC purchased a new stake in Digital Realty Trust during the 1st quarter valued at $30,000. 1 North Wealth Services LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth $31,000. Key Financial Inc boosted its stake in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Digital Realty Trust in the 1st quarter worth $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $179.62 on Friday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock’s fifty day moving average is $170.66 and its 200 day moving average is $169.09. The stock has a market cap of $61.26 billion, a P/E ratio of 46.41, a P/E/G ratio of 5.05 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 (NYSE:DLR) last announced 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. Digital Realty Trust had a return on equity of 6.50% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $1.67 EPS. Digital Realty Trust’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. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research reports. Barclays raised their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. Cowen restated a “hold” rating on shares of Digital Realty Trust in a research note on Friday. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $196.67.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.