Qtron Investments LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,024 shares of the real estate investment trust's stock, valued at approximately $433,000.
Other large investors have also added to or reduced their stakes in the company. Nvwm LLC lifted its stake 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 acquiring an additional 60 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in Digital Realty Trust by 3.2% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 66 shares during the last quarter. Probity Advisors Inc. lifted its stake in Digital Realty Trust by 1.5% in the first quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock valued at $687,000 after acquiring an additional 70 shares during the last quarter. Robbins Farley lifted its stake in Digital Realty Trust by 0.7% in the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock valued at $1,570,000 after acquiring an additional 71 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in Digital Realty Trust by 33.8% in the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Insider Buying and Selling
In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on DLR shares. Raymond James Financial increased 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 note on Friday, July 25th. Citigroup reiterated a "buy" rating and issued a $200.00 price target (up previously from $174.00) on shares of Digital Realty Trust in a research note on Monday, July 28th. Mizuho increased their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $190.74.
Check Out Our Latest Analysis on DLR
Digital Realty Trust Stock Performance
Shares of DLR traded up $3.1570 during trading hours on Friday, hitting $166.9370. The company had a trading volume of 1,355,862 shares, compared to its average volume of 1,457,840. The firm has a market cap of $56.93 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 4.71 and a beta of 0.92. The business has a fifty day moving average of $172.59 and a 200-day moving average of $163.60. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.
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 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $1.65 earnings per share. Digital Realty Trust's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be 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 is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.08%.
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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