Digital Realty Trust, Inc. $DLR Stock Holdings Increased by Amundi

Key Points

• Amundi increased its stake in Digital Realty Trust by 49.4%, purchasing an additional 717,551 shares during the first quarter, bringing its total ownership to approximately $306 million.
• Digital Realty Trust reported $1.87 EPS for the last quarter, exceeding analysts' expectations of $1.74 EPS, and announced a quarterly dividend of $1.22 to be paid on September 30th.
• Research analysts have optimistic forecasts for Digital Realty Trust, with multiple firms raising their price targets, including Mizuho's increase from $177 to $191, and Raymond James raising it from $190 to $205.

Amundi grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,168,991 shares of the real estate investment trust's stock after buying an additional 717,551 shares during the period. Amundi owned 0.64% of Digital Realty Trust worth $306,023,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust during the 1st quarter worth $26,000. WPG Advisers LLC purchased a new position in Digital Realty Trust during the 1st quarter worth $30,000. 1 North Wealth Services LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter valued at about $31,000. Key Financial Inc increased its holdings 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 purchasing an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in Digital Realty Trust during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR traded down $2.01 on Monday, reaching $161.23. The company had a trading volume of 1,877,558 shares, compared to its average volume of 2,051,314. The company has a fifty day moving average of $170.79 and a 200-day moving average of $163.51. The company has a market capitalization of $54.99 billion, a P/E ratio of 42.32, a PEG ratio of 4.69 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company earned $1.65 EPS. Digital Realty Trust's 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. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.0%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Wall Street Analyst Weigh In

DLR has been the topic of several analyst reports. Mizuho raised their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. 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. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Raymond James Financial boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus target price 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.