Digital Realty Trust, Inc. $DLR Position Boosted by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Digital Realty Trust by 20.6%, acquiring an additional 5,804 shares, bringing its total holdings to 34,003 shares valued at approximately $4.87 million.
• Digital Realty Trust reported an earnings per share of $1.87 for the last quarter, exceeding analyst expectations of $1.74, along with a 10% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $1.22 per share, with a dividend yield of 3.0% and a payout ratio of 128.08%.

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 20.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,003 shares of the real estate investment trust's stock after purchasing an additional 5,804 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Digital Realty Trust were worth $4,872,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after acquiring an additional 925,674 shares in the last quarter. Northern Trust Corp raised its position in Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after purchasing an additional 220,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Digital Realty Trust by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Digital Realty Trust by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock valued at $675,456,000 after purchasing an additional 57,312 shares during the last quarter. Finally, Invesco Ltd. raised its position in Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock worth $586,414,000 after buying an additional 186,613 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Price Performance

NYSE:DLR traded up $1.64 during mid-day trading on Tuesday, hitting $167.50. 477,858 shares of the company's stock traded hands, compared to its average volume of 2,062,774. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The firm's 50 day simple moving average is $172.39 and its 200 day simple moving average is $163.52. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a market cap of $57.13 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92.

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, 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The company's quarterly 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. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on DLR. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Barclays increased their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Bank of America initiated coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target for the company. Finally, 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 report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.