Digital Realty Trust, Inc. $DLR Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Digital Realty Trust, Inc. by 24.8% during the first quarter, owning approximately 0.57% of the company, valued at $273.6 million.
• Analysts have set a consensus target price for Digital Realty Trust at $190.74, with ratings varying from "Strong Buy" to "Sell" based on different reports.
• Digital Realty Trust reported quarterly earnings of $1.87 per share, exceeding estimates, with a revenue of $1.49 billion, reflecting a 10% increase year-over-year.

Alliancebernstein L.P. grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,909,279 shares of the real estate investment trust's stock after acquiring an additional 379,483 shares during the quarter. Alliancebernstein L.P. owned about 0.57% of Digital Realty Trust worth $273,581,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust in the 1st quarter worth about $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 acquired a new position in Digital Realty Trust during the first quarter worth about $31,000. Key Financial Inc raised its position in Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the topic of a number of research reports. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Bank of America initiated coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Wells Fargo & Company boosted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Mizuho boosted 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, Barclays raised their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Trading Down 0.9%

Shares of NYSE:DLR opened at $161.41 on Thursday. The firm has a fifty day moving average of $171.09 and a two-hundred day moving average of $163.64. The firm has a market capitalization of $55.05 billion, a P/E ratio of 42.36, a price-to-earnings-growth ratio of 4.82 and a beta of 0.96. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month 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.

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 business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $1.65 earnings per share. Digital Realty Trust'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, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.0%. Digital Realty Trust's payout ratio is 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.

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