DekaBank Deutsche Girozentrale Acquires 11,821 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Digital Realty Trust by 4.1%, owning 300,216 shares valued at approximately $51.6 million after acquiring 11,821 additional shares in Q2.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, with an annualized yield of 2.8%, while the company's dividend payout ratio stands at 128.08%.
• Current analysts' ratings for Digital Realty Trust include strong buy and buy recommendations, with a consensus target price of $191.38.

DekaBank Deutsche Girozentrale boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 300,216 shares of the real estate investment trust's stock after acquiring an additional 11,821 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of Digital Realty Trust worth $51,588,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust during the 1st quarter worth $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust in the 1st quarter valued at $31,000. Key Financial Inc increased its stake in shares of 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 buying an additional 138 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Morgan Stanley began coverage on Digital Realty Trust in a report on Thursday, October 16th. They issued an "equal weight" rating and a $195.00 price target on the stock. Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating on the stock. Moffett Nathanson lifted their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Digital Realty Trust in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $191.38.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $171.72 on Wednesday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $58.56 billion, a PE ratio of 45.07, a PEG ratio of 4.87 and a beta of 0.96. The stock's fifty day simple moving average is $170.15 and its 200 day simple moving average is $168.26.

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 (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion during 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%.During the same period in the prior year, the company earned $1.65 earnings per share. The company's revenue for the quarter 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. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Insiders Place Their Bets

In related news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.17% of the company's stock.

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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