Belpointe Asset Management LLC Makes New Investment in Digital Realty Trust, Inc. $DLR

Belpointe Asset Management LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,263 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also bought and sold shares of DLR. Canada Pension Plan Investment Board boosted its position in Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Nuveen LLC purchased a new position in Digital Realty Trust in the first quarter worth about $342,389,000. Vanguard Group Inc. boosted its position in Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after purchasing an additional 925,674 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Digital Realty Trust by 41.5% in the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock worth $448,422,000 after purchasing an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Digital Realty Trust by 37.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

DLR stock opened at $168.62 on Friday. The business has a fifty day moving average of $169.81 and a two-hundred day moving average of $166.82. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 4.75 and a beta of 0.96. 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 posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust’s dividend payout ratio (DPR) is 128.08%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Raymond James Financial lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Mizuho increased their target price 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. Finally, Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $192.44.

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.