Versor Investments LP Acquires Shares of 7,080 Digital Realty Trust, Inc. $DLR

Key Points

• Versor Investments LP has acquired 7,080 shares of Digital Realty Trust, valued at about $1,014,000, marking a new position in the real estate investment trust.
• Multiple hedge funds, including Teachers Retirement System of The State of Kentucky and Van Lanschot Kempen Investment Management N.V., have significantly increased their holdings in Digital Realty Trust during the previous quarter.
• Digital Realty Trust reported a 10% increase in quarterly revenue to $1.49 billion, and plans to pay a quarterly dividend of $1.22 per share, reflecting a 3.0% yield.

Versor Investments LP bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,080 shares of the real estate investment trust's stock, valued at approximately $1,014,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new position in Digital Realty Trust in the 1st quarter valued at about $26,000. Key Financial Inc lifted 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 purchasing an additional 138 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $38,000. Opal Wealth Advisors LLC purchased a new position in Digital Realty Trust in the 1st quarter worth approximately $38,000. Finally, Colonial Trust Co SC lifted its stake in Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company's stock.

Analyst Ratings Changes

DLR has been the topic of a number of research reports. Mizuho raised their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citigroup restated a "buy" rating and set a $200.00 price target (up previously from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Raymond James Financial raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust Stock Up 1.9%

DLR stock traded up $3.1570 during midday trading on Friday, hitting $166.9370. The company's stock had a trading volume of 1,355,862 shares, compared to its average volume of 1,395,521. 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, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market capitalization of $56.93 billion, a P/E ratio of 43.82, a PEG ratio of 4.80 and a beta of 0.92. The firm has a 50-day simple moving average of $172.59 and a 200-day simple moving average of $163.54.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $1.65 EPS. The firm's revenue 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. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's payout ratio is 128.08%.

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.