Courier Capital LLC Has $2.65 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Courier Capital LLC lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,202 shares of the real estate investment trust’s stock after selling 503 shares during the quarter. Courier Capital LLC’s holdings in Digital Realty Trust were worth $2,650,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sagespring Wealth Partners LLC raised its position in Digital Realty Trust by 26.5% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 2,613 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 547 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Digital Realty Trust by 7.8% in the second quarter. Wilmington Savings Fund Society FSB now owns 4,095 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 298 shares in the last quarter. RFG Advisory LLC bought a new position in Digital Realty Trust in the second quarter valued at approximately $483,000. Naviter Wealth LLC grew its stake in Digital Realty Trust by 7.1% in the second quarter. Naviter Wealth LLC now owns 23,676 shares of the real estate investment trust’s stock valued at $4,127,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $233,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Mizuho lifted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Raymond James Financial lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Guggenheim started coverage on Digital Realty Trust in a report on Wednesday, July 9th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.05.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’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. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $171.51 on Tuesday. The stock has a market capitalization of $58.49 billion, a PE ratio of 45.02, a P/E/G ratio of 4.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The business has a fifty day moving average price of $169.79 and a two-hundred day moving average price of $167.18. 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 results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. Digital Realty Trust’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. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s 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.