Sagace Wealth Management LLC Buys 108 Shares of Digital Realty Trust, Inc. $DLR

Sagace Wealth Management LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% in the second quarter, Holdings Channel.com reports. The firm owned 14,247 shares of the real estate investment trust’s stock after acquiring an additional 108 shares during the period. Digital Realty Trust makes up approximately 1.9% of Sagace Wealth Management LLC’s holdings, making the stock its 20th largest holding. Sagace Wealth Management LLC’s holdings in Digital Realty Trust were worth $2,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DLR. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 63.0% in 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 acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at $342,389,000. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.8% in the 1st 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 buying an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of 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 buying an additional 918,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $431,256,000 after buying an additional 816,334 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Barclays increased their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Moffett Nathanson increased 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. Finally, Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.05.

Digital Realty Trust Trading Up 0.2%

DLR opened at $171.85 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $58.61 billion, a PE ratio of 45.10, a PEG ratio of 4.83 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a 50-day moving average price of $169.78 and a two-hundred day moving average price of $167.21.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Insiders Place Their Bets

In other news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were 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 SEC, which is available at the SEC website. 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.