Homestead Advisers Corp Cuts Stock Position in Digital Realty Trust, Inc. $DLR

Homestead Advisers Corp lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 35.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 265,956 shares of the real estate investment trust’s stock after selling 148,500 shares during the period. Homestead Advisers Corp’s holdings in Digital Realty Trust were worth $46,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLR. Bison Wealth LLC grew its stake in shares of Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 390 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Digital Realty Trust by 1.8% in 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 in the last quarter. TD Private Client Wealth LLC lifted its position in Digital Realty Trust by 22.2% in 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 acquiring an additional 253 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Digital Realty Trust by 10.1% in 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 acquiring an additional 1,188 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Digital Realty Trust by 25.2% in 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 acquiring an additional 1,644 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective 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. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research report on Monday, October 20th. TD Cowen upped their price objective on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Morgan Stanley initiated coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price target for the company. Finally, Daiwa Capital Markets initiated 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 target for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.10.

Digital Realty Trust Price Performance

NYSE DLR opened at $168.32 on Wednesday. The business’s fifty day moving average price is $171.47 and its 200-day moving average price is $170.62. The stock has a market capitalization of $57.41 billion, a price-to-earnings ratio of 43.49, a PEG ratio of 4.13 and a beta of 0.96. 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.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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 for the quarter, compared to analysts’ expectations 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 revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company 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 dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 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.