Praxis Investment Management Inc. Lowers Position in Digital Realty Trust, Inc. $DLR
Praxis Investment Management Inc. reduced its stake in Digital Realty Trust, Inc. (NYSE: DLR) by 23.0% in Q2, now holding 6,060 shares valued at $1,056,000. Other institutional investors also adjusted their positions. Analysts have mixed ratings on DLR, with a consensus target price of $191.25. The stock opened at $172.94, with a market cap of $58.98 billion and a P/E ratio of 45.39. Digital Realty reported Q2 earnings of $1.87 EPS, exceeding estimates, with revenue of $1.49 billion, a 10% increase year-over-year.
Praxis Investment Management Inc. trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 23.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,060 shares of the real estate investment trust's stock after selling 1,810 shares during the quarter. Praxis Investment Management Inc.'s holdings in Digital Realty Trust were worth $1,056,000 as of its most recent filing with the SEC.
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A number of other institutional investors have also recently bought and sold shares of the stock. Summit Place Financial Advisors LLC grew its holdings in Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust's stock valued at $498,000 after purchasing an additional 57 shares during the period. Nvwm LLC grew its holdings in Digital Realty Trust by 1.9% in the first 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 during the period. Decatur Capital Management Inc. grew its holdings in Digital Realty Trust by 0.4% in the first 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 during the period. EP Wealth Advisors LLC lifted its position in Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust's stock valued at $683,000 after buying an additional 63 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Digital Realty Trust by 6.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust's stock valued at $151,000 after buying an additional 65 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on DLR shares. Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Barclays lifted their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research report on Wednesday, August 20th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Raymond James Financial lifted their price target on shares of 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. Finally, Guggenheim started coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $191.25.
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Digital Realty Trust Trading Down 0.6%
NYSE DLR opened at $172.94 on Friday. The company's fifty day simple moving average is $170.01 and its 200-day simple moving average is $167.66. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market cap of $58.98 billion, a P/E ratio of 45.39, a PEG ratio of 4.90 and a beta of 0.96.
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Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous 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 research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.
Insider Transactions at Digital Realty Trust
In related news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.
Digital Realty Trust Company 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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