NewEdge Advisors LLC Purchases 2,700 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• NewEdge Advisors LLC increased its stake in Digital Realty Trust by 18.0%, owning 17,670 shares worth $2.53 million after purchasing an additional 2,700 shares in the first quarter.
• Digital Realty Trust reported $1.87 earnings per share for the latest quarter, surpassing analysts' consensus estimate by $0.13, with revenue increasing by 10% year-over-year to $1.49 billion.
• The company declared a quarterly dividend of $1.22, with a dividend yield of 2.8%, and a payout ratio of 128.08%, indicating a stable return to shareholders.

NewEdge Advisors LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,670 shares of the real estate investment trust's stock after buying an additional 2,700 shares during the period. NewEdge Advisors LLC's holdings in Digital Realty Trust were worth $2,532,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after purchasing an additional 925,674 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Northern Trust Corp increased its stake in shares of 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 purchasing an additional 220,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 purchasing an additional 492,692 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 57,312 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 0.7%

Shares of DLR traded down $1.17 during trading hours on Friday, reaching $173.50. The stock had a trading volume of 1,341,254 shares, compared to its average volume of 1,581,849. 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, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The firm has a 50-day moving average of $170.48 and a 200 day moving average of $163.77. The company has a market cap of $59.17 billion, a P/E ratio of 45.54, a P/E/G ratio of 5.02 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm's quarterly revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research reports. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. Mizuho upped their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.