Digital Realty Trust, Inc. $DLR Shares Sold by Lockheed Martin Investment Management Co.

Lockheed Martin Investment Management Co. lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,880 shares of the real estate investment trust’s stock after selling 1,230 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Digital Realty Trust were worth $3,117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DLR. Bison Wealth LLC boosted its holdings in shares of Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 390 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Digital Realty Trust by 107.6% during the first quarter. Illinois Municipal Retirement Fund now owns 4,892 shares of the real estate investment trust’s stock valued at $701,000 after acquiring an additional 2,535 shares during the period. Mather Group LLC. boosted its holdings in shares of Digital Realty Trust by 17.3% during the first quarter. Mather Group LLC. now owns 4,082 shares of the real estate investment trust’s stock valued at $585,000 after acquiring an additional 603 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Digital Realty Trust by 71.2% during the first quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock valued at $3,873,000 after acquiring an additional 11,239 shares during the period. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Digital Realty Trust by 11.5% during the first quarter. Clear Creek Financial Management LLC now owns 4,184 shares of the real estate investment trust’s stock valued at $600,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

DLR stock opened at $170.70 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a 50-day simple moving average of $171.27 and a 200 day simple moving average of $169.86. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a market capitalization of $58.22 billion, a P/E ratio of 44.11, a PEG ratio of 4.13 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the business earned $1.67 earnings per share. Digital Realty Trust’s revenue for the quarter was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 2.9%. Digital Realty Trust’s payout ratio is 126.10%.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’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 legal filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DLR. Citigroup boosted their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a report on Friday, October 24th. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Finally, Moffett Nathanson upped their price objective on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.10.

About Digital Realty Trust

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.