Leavell Investment Management Inc. Increases Holdings in Digital Realty Trust, Inc. $DLR

Leavell Investment Management Inc. increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,961 shares of the real estate investment trust’s stock after purchasing an additional 358 shares during the quarter. Leavell Investment Management Inc.’s holdings in Digital Realty Trust were worth $4,003,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DLR. Canada Pension Plan Investment Board grew its holdings in Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after buying an additional 2,760,286 shares in the last quarter. Nuveen LLC bought a new position in shares of Digital Realty Trust during the first quarter worth $342,389,000. Vanguard Group Inc. grew its stake in Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after acquiring an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Digital Realty Trust by 41.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock valued at $448,422,000 after acquiring an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Friday. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a “buy” rating in a research note on Wednesday, July 30th. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a research note on Friday. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Moffett Nathanson raised their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.67.

Digital Realty Trust Trading Up 2.4%

DLR stock opened at $179.62 on Friday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market capitalization of $61.26 billion, a price-to-earnings ratio of 46.41, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $170.66 and its two-hundred day simple moving average is $169.09.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating 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 firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.22 dividend. The ex-dividend date 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 presently 126.10%.

Digital Realty Trust 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.