Vestmark Advisory Solutions Inc. Raises Holdings in Digital Realty Trust, Inc. $DLR

Vestmark Advisory Solutions Inc. increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 231.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 9,851 shares of the real estate investment trust’s stock after purchasing an additional 6,883 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Digital Realty Trust were worth $1,717,000 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 grew its holdings in shares of 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 stake in Digital Realty Trust during the 1st quarter valued at $342,389,000. Vanguard Group Inc. grew its holdings in 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 worth $7,505,367,000 after acquiring an additional 925,674 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Digital Realty Trust by 41.5% in 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 acquiring an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of 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 valued at $431,256,000 after acquiring an additional 816,334 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $169.97 on Monday. The business’s fifty day moving average is $171.44 and its 200 day moving average is $171.03. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock has a market cap of $58.39 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DLR shares. Moffett Nathanson increased their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research report on Friday, October 24th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a research note on Monday, October 20th. Finally, Wells Fargo & Company upped their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Two 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.14.

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.