Prudent Man Advisors LLC Cuts Stock Position in Digital Realty Trust, Inc. $DLR

Prudent Man Advisors LLC lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,491 shares of the real estate investment trust’s stock after selling 63 shares during the quarter. Prudent Man Advisors LLC’s holdings in Digital Realty Trust were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust in the 1st quarter valued at $26,000. AlphaQuest LLC increased its holdings in Digital Realty Trust by 163.5% during the 2nd quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 121 shares during the period. WPG Advisers LLC purchased a new stake in Digital Realty Trust during the 1st quarter worth about $30,000. 1 North Wealth Services LLC purchased a new stake in Digital Realty Trust during the 1st quarter worth about $31,000. Finally, Key Financial Inc increased its holdings 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. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen upped their price target on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a report on Friday. Raymond James Financial upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a report on Friday. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.67.

Digital Realty Trust Trading Up 2.4%

NYSE:DLR opened at $179.62 on Friday. The stock has a 50-day simple moving average of $170.66 and a 200-day simple moving average of $169.09. The stock has a market cap of $61.26 billion, a P/E ratio of 46.41, a P/E/G ratio of 5.05 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 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 (NYSE:DLR) last released its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.11. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.50% and a net margin of 23.67%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. 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 fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% 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.