Integrated Wealth Concepts LLC Sells 151 Shares of Digital Realty Trust, Inc. $DLR

Integrated Wealth Concepts LLC lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,209 shares of the real estate investment trust’s stock after selling 151 shares during the period. Integrated Wealth Concepts LLC’s holdings in Digital Realty Trust were worth $890,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the first quarter valued at about $26,000. WPG Advisers LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc grew its stake in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $38,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.4%

DLR stock opened at $174.66 on Friday. The firm has a fifty day moving average price of $170.46 and a 200 day moving average price of $163.67. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market cap of $59.57 billion, a PE ratio of 45.84, a price-to-earnings-growth ratio of 5.00 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates 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 was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust’s dividend payout ratio is presently 128.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DLR shares. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Raymond James Financial upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Mizuho raised their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $190.74.

Digital Realty Trust 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.