American Institute for Advanced Investment Management LLP Reduces Holdings in Digital Realty Trust, Inc. $DLR

American Institute for Advanced Investment Management LLP lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 38.0% during the second quarter, HoldingsChannel reports. The firm owned 3,975 shares of the real estate investment trust’s stock after selling 2,435 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Digital Realty Trust were worth $693,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.8% during the first 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. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 63.0% during 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 purchasing an additional 2,760,286 shares during the period. Northern Trust Corp raised its stake in shares of Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after purchasing an additional 220,649 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock valued at $675,456,000 after purchasing an additional 57,312 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock valued at $586,414,000 after purchasing an additional 186,613 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays lifted their price target on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a research note on Friday, October 24th. Finally, TD Cowen lifted their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.10.

Digital Realty Trust Stock Down 0.1%

DLR stock opened at $170.63 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a fifty day moving average price of $171.34 and a two-hundred day moving average price of $170.20. The firm has a market cap of $58.19 billion, a price-to-earnings ratio of 44.09, a PEG ratio of 4.13 and a beta of 0.96.

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, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $1.58 billion during 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 firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

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.