Digital Realty Trust, Inc. $DLR Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in Digital Realty Trust, Inc. by 27.4%, owning 143,345 shares worth approximately $20.54 million at the end of the first quarter.
• The real estate investment trust reported Q2 earnings of $1.87 EPS, exceeding estimates and showing a 10% year-over-year revenue increase to $1.49 billion.
• Digital Realty Trust announced a quarterly dividend of $1.22 payable on September 30th, resulting in an annualized dividend yield of 2.8% and a payout ratio of 128.08%.

Voya Investment Management LLC grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 27.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,345 shares of the real estate investment trust's stock after purchasing an additional 30,842 shares during the quarter. Voya Investment Management LLC's holdings in Digital Realty Trust were worth $20,540,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Peterson Wealth Management boosted its position in Digital Realty Trust by 39.4% during the first quarter. Peterson Wealth Management now owns 20,577 shares of the real estate investment trust's stock worth $2,948,000 after acquiring an additional 5,816 shares during the last quarter. First Hawaiian Bank boosted its position in Digital Realty Trust by 128.6% during the first quarter. First Hawaiian Bank now owns 7,389 shares of the real estate investment trust's stock worth $1,059,000 after acquiring an additional 4,157 shares during the last quarter. Inspire Investing LLC boosted its position in Digital Realty Trust by 11.1% during the first quarter. Inspire Investing LLC now owns 35,122 shares of the real estate investment trust's stock worth $5,033,000 after acquiring an additional 3,515 shares during the last quarter. Invst LLC acquired a new stake in Digital Realty Trust during the first quarter worth approximately $706,000. Finally, Anson Funds Management LP acquired a new stake in Digital Realty Trust during the first quarter worth approximately $1,702,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised 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 report on Friday, July 25th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays lifted their price target 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. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $173.50 on Monday. The company's fifty day simple moving average is $170.48 and its 200-day simple moving average is $163.85. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week 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 cap of $59.17 billion, a PE ratio of 45.54, a P/E/G ratio of 4.99 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its 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 business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $1.65 EPS. The business'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. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.08%.

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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