Allstate Corp Has $7.68 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Allstate Corp increased its stake in Digital Realty Trust by 148.4%, owning a total of 53,580 shares valued at approximately $7.68 million following the purchase of an additional 32,013 shares.
• Digital Realty Trust's latest earnings report showed EPS of $1.87, surpassing estimates by $0.13 and reflecting a 10% year-over-year revenue increase to $1.49 billion.
• The company declared a quarterly dividend of $1.22, with an ex-dividend date of September 15, indicating a 3.0% dividend yield despite a payout ratio of 128.08%.

Allstate Corp increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 148.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,580 shares of the real estate investment trust's stock after buying an additional 32,013 shares during the period. Allstate Corp's holdings in Digital Realty Trust were worth $7,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 buying an additional 925,674 shares during the last quarter. Northern Trust Corp grew its holdings in Digital Realty Trust by 4.3% during the first 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 grew its holdings in Digital Realty Trust by 11.4% during 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 valued at $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Digital Realty Trust by 1.2% during the first 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. grew its holdings in Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock valued at $586,414,000 after purchasing an additional 186,613 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business'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 owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

DLR traded up $2.33 during trading on Tuesday, reaching $168.19. 3,334,700 shares of the company's stock were exchanged, compared to its average volume of 2,080,490. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week 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 business has a 50 day moving average price of $172.39 and a 200 day moving average price of $163.52. The company has a market capitalization of $57.36 billion, a P/E ratio of 44.14, a PEG ratio of 4.80 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share 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 firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. The business's 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, analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DLR shares. Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. Barclays increased their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. JMP Securities restated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Raymond James Financial raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

About Digital Realty Trust

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.