Lakeshore Capital Group Inc. Reduces Stock Position in Digital Realty Trust, Inc. $DLR

Lakeshore Capital Group Inc. trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 5.5% in the second quarter, Holdings Channel.com reports. The fund owned 3,743 shares of the real estate investment trust’s stock after selling 216 shares during the period. Lakeshore Capital Group Inc.’s holdings in Digital Realty Trust were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $30,000. 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $31,000. Key Financial Inc increased its holdings 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 valued at $37,000 after acquiring an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $38,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Down 1.1%

Shares of DLR stock opened at $175.09 on Wednesday. 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 1 year low of $129.95 and a 1 year high of $198.00. The stock has a fifty day moving average of $169.96 and a two-hundred day moving average of $166.39. The firm has a market capitalization of $59.71 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 5.09 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given 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 payout ratio is 128.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DLR shares. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Raymond James Financial upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Guggenheim started coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.44.

Insider Transactions at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company’s 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 the SEC website. Company 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.