Lakeshore Capital Group Inc. Reduces Stock Position in Digital Realty Trust, Inc. $DLR

Lakeshore Capital Group Inc. lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,743 shares of the real estate investment trust’s stock after selling 216 shares during the quarter. Lakeshore Capital Group Inc.’s holdings in Digital Realty Trust were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust in the 1st quarter worth about $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the 1st quarter worth about $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust in the 1st quarter worth about $31,000. Key Financial Inc boosted 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 during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in Digital Realty Trust in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $175.09 on Wednesday. The firm has a market capitalization of $59.71 billion, a P/E ratio of 45.95, a P/E/G ratio of 5.09 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The business’s 50-day simple moving average is $169.96 and its 200-day simple moving average is $166.39.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm 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. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s payout ratio is currently 128.08%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred 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 filing with the SEC, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DLR shares. Barclays raised their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a research note on Saturday, September 27th. Raymond James Financial raised 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. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a “buy” rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.44.

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.