Courier Capital LLC Sells 503 Shares of Digital Realty Trust, Inc. $DLR

by · The Cerbat Gem

Courier Capital LLC lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 3.2% during the second quarter, HoldingsChannel reports. The fund owned 15,202 shares of the real estate investment trust’s stock after selling 503 shares during the quarter. Courier Capital LLC’s holdings in Digital Realty Trust were worth $2,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Place Financial Advisors LLC grew its position in shares of Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 57 shares during the last quarter. Nvwm LLC boosted its position in shares of Digital Realty Trust by 1.9% during the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock valued at $471,000 after purchasing an additional 60 shares in the last quarter. Decatur Capital Management Inc. boosted its position in shares of Digital Realty Trust by 0.4% during the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 61 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Digital Realty Trust by 1.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after purchasing an additional 63 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Digital Realty Trust by 6.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DLR. Moffett Nathanson upped their target price on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Raymond James Financial upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Finally, Mizuho increased their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $191.05.

Read Our Latest Report on DLR

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $171.51 on Tuesday. The company has a market cap of $58.49 billion, a PE ratio of 45.02, a price-to-earnings-growth ratio of 4.75 and a beta of 0.96. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The business has a 50 day moving average price of $169.79 and a 200-day moving average price of $167.18. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR – Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.Digital Realty Trust’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is 128.08%.

Digital Realty Trust Profile

(Free Report)

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.

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