Oppenheimer Asset Management Inc. Increases Stock Holdings in Digital Realty Trust, Inc. $DLR

Oppenheimer Asset Management Inc. lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,895 shares of the real estate investment trust’s stock after purchasing an additional 2,206 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Digital Realty Trust were worth $4,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLR. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the first quarter valued at about $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust in the first quarter valued at about $31,000. AlphaQuest LLC boosted its holdings in Digital Realty Trust by 163.5% in the 2nd quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 121 shares in the last quarter. Finally, Key Financial Inc increased its position in Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 138 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on DLR shares. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Finally, Moffett Nathanson upped their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Two equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.52.

Insiders Place Their Bets

In other news, CEO Andrew Power sold 53,269 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $174.31 on Wednesday. The firm has a market capitalization of $59.45 billion, a PE ratio of 45.04, a P/E/G ratio of 4.40 and a beta of 0.96. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The firm’s 50-day simple moving average is $171.09 and its 200 day simple moving average is $169.70. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

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

Digital Realty Trust Announces Dividend

The business also recently announced 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. 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 dividend payout ratio is 126.10%.

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.