Digital Realty Trust, Inc. $DLR Stake Cut by First Financial Bank Trust Division

First Financial Bank Trust Division reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 28.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,603 shares of the real estate investment trust’s stock after selling 623 shares during the period. First Financial Bank Trust Division’s holdings in Digital Realty Trust were worth $279,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacific Heights Asset Management LLC increased its position in Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after purchasing an additional 25,000 shares during the last quarter. Vectors Research Management LLC increased its position in Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust’s stock worth $3,082,000 after purchasing an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust’s stock worth $92,196,000 after purchasing an additional 21,598 shares during the last quarter. Brown Advisory Inc. increased its position in Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Digital Realty Trust by 9.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock worth $20,110,000 after purchasing an additional 12,289 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLR has been the topic of several research reports. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company increased their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Mizuho increased their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.74.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $173.50 on Friday. The firm has a market cap of $59.17 billion, a price-to-earnings ratio of 45.54, a P/E/G ratio of 5.02 and a beta of 0.96. The business’s 50-day simple moving average is $170.48 and its 200-day simple moving average is $163.77. 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 52 week low of $129.95 and a 52 week high of $198.00.

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

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is 128.08%.

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.