Alyeska Investment Group L.P. Buys Shares of 339,926 Digital Realty Trust, Inc. $DLR

Key Points

• Alyeska Investment Group L.P. acquired 339,926 shares of Digital Realty Trust, valued at approximately $48.7 million, making it a new position for the firm in the 1st quarter.
• Several analysts have adjusted their price targets for Digital Realty Trust, with Mizuho raising its target from $177.00 to $191.00 and Bank of America initiating coverage with a $210.00 price objective.
• Digital Realty Trust has announced a quarterly dividend of $1.22, resulting in an annualized dividend yield of 3.0%.

Alyeska Investment Group L.P. acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 339,926 shares of the real estate investment trust's stock, valued at approximately $48,708,000. Alyeska Investment Group L.P. owned about 0.10% of Digital Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its stake in Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock worth $471,000 after purchasing an additional 390 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Digital Realty Trust by 50.7% during the fourth quarter. Ancora Advisors LLC now owns 666 shares of the real estate investment trust's stock worth $118,000 after acquiring an additional 224 shares during the period. Baird Financial Group Inc. increased its position in shares of Digital Realty Trust by 4.2% during the fourth quarter. Baird Financial Group Inc. now owns 93,868 shares of the real estate investment trust's stock worth $16,646,000 after acquiring an additional 3,783 shares during the period. Captrust Financial Advisors increased its position in shares of Digital Realty Trust by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 78,721 shares of the real estate investment trust's stock worth $13,960,000 after acquiring an additional 2,197 shares during the period. Finally, Cresset Asset Management LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $712,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR traded down $2.01 during mid-day trading on Monday, hitting $161.23. 1,877,558 shares of the company's stock were exchanged, compared to its average volume of 2,051,314. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a market capitalization of $54.99 billion, a P/E ratio of 42.32, a P/E/G ratio of 4.69 and a beta of 0.96. The business's 50 day moving average is $170.79 and its two-hundred day moving average is $163.51. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 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 the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.0%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective 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. Guggenheim began coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Raymond James Financial upped their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $190.74.

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.