XTX Topco Ltd Buys Shares of 15,186 Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• XTX Topco Ltd purchased 15,186 shares of Digital Realty Trust, valued at approximately $2.18 million, indicating substantial investment interest in the real estate investment trust.
• Key Financial Inc increased its holdings in Digital Realty Trust by 114%, highlighting growing confidence from institutional investors as 99.71% of the stock is owned by hedge funds and institutional entities.
• Analysts have set a new average price target of $190.68 for Digital Realty Trust, with citigroup raising its target to $200.00, suggesting strong future performance expectations.

XTX Topco Ltd purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,186 shares of the real estate investment trust's stock, valued at approximately $2,176,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLR. Geode Capital Management LLC lifted its holdings in Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock valued at $1,508,612,000 after acquiring an additional 281,704 shares during the period. Northern Trust Corp lifted its holdings in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after acquiring an additional 1,854,748 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after acquiring an additional 492,692 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Digital Realty Trust by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,656,733 shares of the real estate investment trust's stock valued at $825,771,000 after acquiring an additional 96,639 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Digital Realty Trust by 1.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,384,451 shares of the real estate investment trust's stock valued at $777,495,000 after acquiring an additional 48,522 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

NYSE DLR traded down $4.39 during trading on Friday, hitting $172.05. 1,662,113 shares of the stock traded hands, compared to its average volume of 1,436,393. The company has a market capitalization of $57.94 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 3.28 and a beta of 0.92. The firm has a 50-day simple moving average of $174.33 and a 200-day simple moving average of $164.02. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. As a group, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Stifel Nicolaus upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Guggenheim began coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Company 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.