IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.97 Million Holdings in Digital Realty Trust, Inc. $DLR

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,323 shares of the real estate investment trust’s stock after buying an additional 1,055 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Digital Realty Trust were worth $1,974,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DLR. Pacific Heights Asset Management LLC raised its position in shares of Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after purchasing an additional 25,000 shares during the period. Brown Advisory Inc. raised its position in shares of Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 1,644 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Digital Realty Trust by 9.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock worth $20,110,000 after purchasing an additional 12,289 shares during the period. Vontobel Holding Ltd. raised its position in shares of Digital Realty Trust by 71.2% during the first quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock worth $3,873,000 after purchasing an additional 11,239 shares during the period. Finally, Allworth Financial LP raised its position in shares of Digital Realty Trust by 5.6% during the first quarter. Allworth Financial LP now owns 41,935 shares of the real estate investment trust’s stock worth $6,447,000 after purchasing an additional 2,226 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 2.1%

Shares of NYSE:DLR opened at $174.31 on Wednesday. The company has a market capitalization of $59.45 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 4.40 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. The business has a fifty day moving average price of $171.09 and a two-hundred day moving average price of $169.70. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. 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. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a report on Monday, October 20th. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a report on Friday. Finally, Raymond James Financial upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.52.

Insider Buying and Selling at Digital Realty Trust

In other 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

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.