ProShare Advisors LLC Trims Stock Position in Digital Realty Trust, Inc. $DLR

ProShare Advisors LLC trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,319 shares of the real estate investment trust’s stock after selling 1,303 shares during the period. ProShare Advisors LLC’s holdings in Digital Realty Trust were worth $11,387,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Truist Financial boosted their price objective on Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Citigroup upped their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Stifel Nicolaus set a $210.00 price objective on shares of Digital Realty Trust in a research report on Friday, October 24th. Daiwa Capital Markets assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price objective on the stock. Finally, Barclays upped their target price on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.14.

Insider Buying and Selling at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Down 2.7%

Shares of Digital Realty Trust stock opened at $163.98 on Thursday. The company has a market cap of $56.33 billion, a P/E ratio of 42.37, a PEG ratio of 4.13 and a beta of 0.96. The firm has a fifty day moving average of $171.63 and a two-hundred day moving average of $171.15. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, analysts forecast 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 declared 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. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) 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.