Cbre Investment Management Listed Real Assets LLC Grows Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• CBRE Investment Management significantly increased its holdings in Digital Realty Trust by 399.6% during the first quarter, acquiring an additional 773,393 shares to own a total of 966,936 shares valued at approximately $138.55 million.
• Digital Realty Trust's stock has experienced a consensus rating of "Moderate Buy" with an average target price of $190.74, reflecting positive sentiment among analysts.
• The company recently announced a quarterly dividend of $1.22 per share, which amounts to an annualized yield of 2.9% and highlights its commitment to returning value to shareholders.

Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 399.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 966,936 shares of the real estate investment trust's stock after purchasing an additional 773,393 shares during the period. Digital Realty Trust accounts for about 2.1% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 11th biggest position. Cbre Investment Management Listed Real Assets LLC owned approximately 0.29% of Digital Realty Trust worth $138,552,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Digital Realty Trust by 1.8% in the first 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 during the period. Northern Trust Corp raised its position in Digital Realty Trust by 4.3% in the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock worth $759,609,000 after acquiring an additional 220,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Digital Realty Trust by 11.4% in the fourth 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 worth $854,661,000 after acquiring an additional 492,692 shares during the period. Dimensional Fund Advisors LP raised its position in Digital Realty Trust by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock worth $675,456,000 after acquiring an additional 57,312 shares during the period. Finally, Invesco Ltd. raised its position in Digital Realty Trust by 4.8% in the first 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 during the period. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

NYSE:DLR traded down $1.46 during mid-day trading on Thursday, hitting $168.27. 312,088 shares of the stock traded hands, compared to its average volume of 2,065,175. The business's 50-day moving average price is $172.10 and its 200 day moving average price is $163.60. The company has a market cap of $57.39 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 4.83 and a beta of 0.92. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. 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 (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.49 billion during 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 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling

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 shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research reports. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Bank of America began coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Finally, Mizuho lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

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.