Spire Wealth Management Lowers Position in Digital Realty Trust, Inc. $DLR

Spire Wealth Management reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 57.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,489 shares of the real estate investment trust’s stock after selling 1,999 shares during the quarter. Spire Wealth Management’s holdings in Digital Realty Trust were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bison Wealth LLC increased its position in shares of Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 390 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Digital Realty Trust by 126.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 17,723 shares of the real estate investment trust’s stock valued at $2,540,000 after purchasing an additional 9,881 shares during the last quarter. Envestnet Asset Management Inc. increased 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 purchasing an additional 7,691 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Digital Realty Trust by 22.2% during the 1st quarter. TD Private Client Wealth LLC now owns 1,392 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 253 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of Digital Realty Trust by 10.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 12,926 shares of the real estate investment trust’s stock valued at $1,852,000 after purchasing an additional 1,188 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 0.9%

Shares of DLR opened at $171.89 on Tuesday. 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 firm has a market cap of $58.62 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The business has a 50-day moving average of $171.46 and a 200 day moving average of $170.50.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company’s quarterly 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, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DLR. Raymond James Financial raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Loop Capital set a $205.00 price objective on Digital Realty Trust in a report on Monday, October 27th. Daiwa Capital Markets began coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price objective for the company. Finally, Guggenheim began coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.10.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

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.