Exchange Traded Concepts LLC Purchases 724 Shares of Digital Realty Trust, Inc. $DLR

Exchange Traded Concepts LLC lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,645 shares of the real estate investment trust’s stock after purchasing an additional 724 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Digital Realty Trust were worth $1,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Pacific Heights Asset Management LLC boosted its position in shares of 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 in the last quarter. Vectors Research Management LLC boosted its position in shares of 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 in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of 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 in the last quarter. Brown Advisory Inc. boosted its position in shares of 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 valued at $20,110,000 after acquiring an additional 12,289 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DLR. Barclays upped their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Mizuho upped their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, June 17th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $190.74.

Digital Realty Trust Trading Up 1.5%

Shares of DLR stock opened at $174.67 on Tuesday. The stock has a fifty day simple moving average of $170.79 and a two-hundred day simple moving average of $164.66. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market capitalization of $59.57 billion, a PE ratio of 45.84, a PEG ratio of 4.95 and a beta of 0.96. 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, July 24th. The real estate investment trust reported $1.87 EPS 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. The business’s 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, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

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.