Forsta AP Fonden decreases position in Digital Realty Trust, Inc. (NYSE:DLR)

VaselineSeptember 14, 2024

0 4 minutes read

Forsta AP Fonden reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 7.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,300 shares of the real estate investment trust’s stock after selling 4,600 shares during the period. Forsta AP Fonden’s holdings in Digital Realty Trust were worth $9,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gradient Investments LLC boosted its holdings in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new position in Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter valued at about $27,000. Rise Advisors LLC raised its stake in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth about $29,000. 99.71% of shares are currently owned by institutional investors.

Digital Realty Trust stock performance

Shares of Digital Realty Trust stock opened at $158.93 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78, and a current ratio of 1.78. The company has a market cap of $49.65 billion, a PE ratio of 44.15, a P/E/G ratio of 5.06 and a beta of 0.60. The company has a 50-day moving average price of $151.84 and a 200-day moving average price of $146.91. Digital Realty Trust, Inc. it has a fifty-two week low of $113.94 and a fifty-two week high of $162.58.

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Digital Realty Trust (NYSE:DLR – Get Free Report ) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. In the same period last year, the company earned $1.68 per share. The company’s revenue for the quarter was down 0.7% year-over-year. As a group, equities analysts estimate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $1.22 per share. This represents an annualized dividend of $4.88 and a yield of 3.07%. The ex-dividend date is Friday, September 13. Digital Realty Trust’s payout ratio is 135.56%.

Analyst upgrades and downgrades

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. TD Cowen cut their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Truist Financial lifted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. Finally, Barclays lifted their price target on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $154.00.

Read our latest report on DLR

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean FHP Mandeville sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Profile

(Free Report)

Digital Realty brings businesses and data together by providing the full spectrum of data center, colocation and interconnect solutions. PlatformDIGITAL, the company’s global data center platform, provides customers with a secure meeting place for data and a proven Pervasive Datacenter Architecture (PDx) solution methodology to drive innovation and effectively manage Data Gravity challenges.