Digital Realty Trust, Inc. $DLR Shares Purchased by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP increased its stake in Digital Realty Trust by 278.2%, now owning 25,069 shares valued at approximately $3.59 million.
• Digital Realty Trust's quarterly earnings report showed an EPS of $1.87, exceeding estimates, with revenue rising 10% year-over-year to $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share, representing a 3.0% yield, despite a high dividend payout ratio of 128.08%.

Dark Forest Capital Management LP boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 278.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,069 shares of the real estate investment trust's stock after acquiring an additional 18,441 shares during the period. Dark Forest Capital Management LP's holdings in Digital Realty Trust were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $30,000. Key Financial Inc grew its stake in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 138 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC acquired a new stake in 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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLR. Raymond James Financial upped their target price 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. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays upped their target price 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. Finally, Mizuho upped their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Trading Up 0.2%

Shares of DLR stock traded up $0.41 during trading hours on Friday, hitting $163.25. 1,352,740 shares of the company were exchanged, compared to its average volume of 1,385,620. The firm has a market cap of $55.68 billion, a PE ratio of 42.85, a PEG ratio of 4.69 and a beta of 0.96. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year 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. The firm has a fifty day moving average of $170.79 and a 200 day moving average of $163.57.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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

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.