Capital Investment Advisors LLC Boosts Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Capital Investment Advisors LLC increased its stake in Digital Realty Trust, Inc. by 5.1%, owning 65,174 shares valued at $11.36 million after acquiring an additional 3,151 shares in Q2.
• Digital Realty Trust reported a quarterly EPS of $1.87, surpassing estimates by $0.13, with a revenue of $1.49 billion, marking a 10% year-over-year increase.
• The company announced a quarterly dividend of $1.22 per share, with a dividend yield of 2.9% and a payout ratio of 128.08%.

Capital Investment Advisors LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,174 shares of the real estate investment trust's stock after acquiring an additional 3,151 shares during the period. Capital Investment Advisors LLC's holdings in Digital Realty Trust were worth $11,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 925,674 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Northern Trust Corp lifted its position in shares of Digital Realty Trust by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock worth $759,609,000 after purchasing an additional 220,649 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock worth $675,456,000 after purchasing an additional 57,312 shares during the last quarter. Finally, Invesco Ltd. raised its stake 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 acquiring an additional 186,613 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Price Performance

NYSE DLR opened at $169.86 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $57.93 billion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 4.93 and a beta of 0.96. The company has a 50 day moving average price of $170.45 and a two-hundred day moving average price of $165.51. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last 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. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on DLR shares. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus increased 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. Guggenheim started coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Mizuho lifted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Two equities research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $190.74.

Insider Transactions at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust 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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