Digital Realty Trust, Inc. $DLR Shares Bought by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its holdings in Digital Realty Trust by 15.0%, owning approximately $52.13 million worth of shares after acquiring 47,500 additional shares.
• Digital Realty Trust reported a quarterly earnings of $1.87 EPS, exceeding consensus estimates, with a revenue growth of 10.0% year-over-year.
• The company declared a quarterly dividend of $1.22, yielding 3.0% annually, with a current dividend payout ratio of 128.08%.

Adage Capital Partners GP L.L.C. lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,800 shares of the real estate investment trust's stock after buying an additional 47,500 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.11% of Digital Realty Trust worth $52,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust during the 1st quarter valued at $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust in the 1st quarter worth $30,000. Key Financial Inc lifted its holdings in Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Digital Realty Trust during the first quarter worth about $38,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $38,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $2.01 during mid-day trading on Monday, reaching $161.23. 1,876,881 shares of the company's stock traded hands, compared to its average volume of 2,049,371. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm has a 50 day moving average price of $170.79 and a two-hundred day moving average price of $163.51. The firm has a market capitalization of $54.99 billion, a PE ratio of 42.32, a price-to-earnings-growth ratio of 4.69 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DLR shares. Barclays boosted their price target on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Finally, Raymond James Financial increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.

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.