James Investment Research Inc. Reduces Position in Digital Realty Trust, Inc. $DLR

James Investment Research Inc. decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,249 shares of the real estate investment trust’s stock after selling 219 shares during the quarter. James Investment Research Inc.’s holdings in Digital Realty Trust were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust during the 1st quarter valued at about $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at about $30,000. 1 North Wealth Services LLC bought a new stake in Digital Realty Trust during the 1st quarter valued at about $31,000. AlphaQuest LLC lifted its holdings in Digital Realty Trust by 163.5% during the 2nd quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 121 shares in the last quarter. Finally, Rossby Financial LCC bought a new stake in Digital Realty Trust during the 2nd quarter valued at about $35,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 2.1%

NYSE DLR opened at $174.31 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The firm has a market cap 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 50 day moving average price of $171.09 and a 200 day moving average price of $169.70. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted 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. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Digital Realty Trust’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal 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 paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s payout ratio is 126.10%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DLR. Morgan Stanley began coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective for the company. Guggenheim started coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. TD Cowen boosted their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.52.

Insider Activity at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by company 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.