Mirabaud Asset Management Ltd Cuts Holdings in Digital Realty Trust, Inc. $DLR

Mirabaud Asset Management Ltd trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 35.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,602 shares of the real estate investment trust’s stock after selling 6,353 shares during the quarter. Digital Realty Trust comprises approximately 0.9% of Mirabaud Asset Management Ltd’s portfolio, making the stock its 28th biggest position. Mirabaud Asset Management Ltd’s holdings in Digital Realty Trust were worth $1,988,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brown Advisory Inc. raised its position in shares of Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after purchasing an additional 1,644 shares during the period. Motley Fool Asset Management LLC lifted its position in shares of Digital Realty Trust by 9.9% in the second quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock worth $3,000,000 after buying an additional 1,548 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Digital Realty Trust by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 442,024 shares of the real estate investment trust’s stock valued at $63,338,000 after acquiring an additional 7,691 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Digital Realty Trust by 2.8% in the 1st quarter. Centersquare Investment Management LLC now owns 3,035,478 shares of the real estate investment trust’s stock valued at $434,954,000 after acquiring an additional 82,420 shares during the last quarter. Finally, Ethic Inc. lifted its position in Digital Realty Trust by 9.1% in the first quarter. Ethic Inc. now owns 34,520 shares of the real estate investment trust’s stock worth $5,042,000 after buying an additional 2,887 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLR. Loop Capital set a $205.00 price target on Digital Realty Trust in a research note on Monday, October 27th. Weiss Ratings downgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Raymond James Financial boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research note on Friday, October 24th. Finally, TD Cowen lifted their target price on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.14.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the firm’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 this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $169.97 on Friday. The company has a market cap of $58.39 billion, a PE ratio of 43.92, a P/E/G ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The business has a 50-day simple moving average of $171.44 and a two-hundred day simple moving average of $170.89. 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 released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.11. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Digital Realty Trust’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

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.