Bessemer Group Inc. Sells 4,448 Shares of Digital Realty Trust, Inc. $DLR

Bessemer Group Inc. lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 34.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,286 shares of the real estate investment trust’s stock after selling 4,448 shares during the period. Bessemer Group Inc.’s holdings in Digital Realty Trust were worth $1,444,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pacific Heights Asset Management LLC lifted its position in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $14,329,000 after purchasing an additional 25,000 shares during the last quarter. Brown Advisory Inc. boosted its position in Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after buying an additional 1,644 shares during the period. Vontobel Holding Ltd. boosted its position in Digital Realty Trust by 71.2% during the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock valued at $3,873,000 after buying an additional 11,239 shares during the period. Seamount Financial Group Inc. bought a new stake in Digital Realty Trust in the 1st quarter worth $227,000. Finally, Allworth Financial LP increased its position in shares of Digital Realty Trust by 5.6% in the first quarter. Allworth Financial LP now owns 41,935 shares of the real estate investment trust’s stock valued at $6,447,000 after acquiring an additional 2,226 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 2.1%

NYSE DLR opened at $170.70 on Friday. The firm has a market capitalization of $58.22 billion, a PE ratio of 44.11, a P/E/G ratio of 4.13 and a beta of 0.96. The stock’s 50 day moving average is $171.27 and its 200 day moving average is $169.86. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent analyst reports. TD Cowen raised their target price on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a report on Friday, October 24th. Raymond James Financial boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a research note on Monday, October 20th. Finally, Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.10.

About Digital Realty Trust

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.