ASR Vermogensbeheer N.V. Invests $8.34 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $8.34 million in Digital Realty Trust, acquiring 58,189 shares in the process.
• Several institutional investors, including Pacific Heights Asset Management and Brown Advisory Inc., have recently increased their stakes in Digital Realty Trust, which is now largely held by institutional investors (99.71%).
• Digital Realty Trust reported earnings of $1.87 per share for the latest quarter, exceeding analysts' expectations of $1.74, along with a dividend of $1.22 per share.

ASR Vermogensbeheer N.V. bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 58,189 shares of the real estate investment trust's stock, valued at approximately $8,339,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC lifted its holdings in Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares in the last quarter. Vectors Research Management LLC lifted its holdings in Digital Realty Trust by 15.8% during the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after acquiring an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after acquiring an additional 21,598 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Digital Realty Trust by 9.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after acquiring an additional 12,289 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on DLR. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Raymond James Financial lifted their price target on 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. JMP Securities reissued a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Barclays lifted their price target on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $190.68.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $169.36 on Thursday. The business's 50 day moving average price is $174.44 and its two-hundred day moving average price is $163.89. The company has a market cap of $57.76 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 3.20 and a beta of 0.92. 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 twelve month low of $129.95 and a twelve month high of $198.00.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were 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 was Friday, June 13th. Digital Realty Trust's payout ratio is 128.08%.

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.

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