Grassi Investment Management Sells 550 Shares of Digital Realty Trust, Inc. $DLR

Grassi Investment Management cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,740 shares of the real estate investment trust’s stock after selling 550 shares during the period. Grassi Investment Management’s holdings in Digital Realty Trust were worth $9,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DLR. Bison Wealth LLC boosted its holdings in shares of Digital Realty Trust by 17.2% in the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Digital Realty Trust by 16.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,720 shares of the real estate investment trust’s stock worth $1,966,000 after purchasing an additional 1,889 shares during the period. Permanent Capital Management LP bought a new position in Digital Realty Trust in the 1st quarter worth about $210,000. Pines Wealth Management LLC boosted its stake in Digital Realty Trust by 14.3% in the 1st quarter. Pines Wealth Management LLC now owns 3,468 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 434 shares during the period. Finally, Tealwood Asset Management Inc. boosted its stake in Digital Realty Trust by 0.6% in the 1st quarter. Tealwood Asset Management Inc. now owns 16,840 shares of the real estate investment trust’s stock worth $2,413,000 after purchasing an additional 100 shares during the period. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DLR shares. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Raymond James Financial upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Barclays increased their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus increased their price objective on 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 investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $192.44.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred 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 available at this link. 0.13% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $176.56 on Friday. The firm’s fifty day moving average price is $170.00 and its 200-day moving average price is $165.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $60.22 billion, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

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. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company posted $1.65 EPS. The business’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. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given 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 2.8%. Digital Realty Trust’s payout ratio is presently 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.