Digital Realty Trust, Inc. $DLR Shares Acquired by Boothbay Fund Management LLC

Key Points

• Boothbay Fund Management LLC increased its stake in Digital Realty Trust, Inc. by an astonishing 1,537.0% in the first quarter, owning 77,119 shares worth approximately $11 million.
• Digital Realty Trust reported $1.87 EPS for the latest quarter, exceeding analyst expectations, and has set a FY 2025 EPS guidance of 7.150-7.250.
• The company declared a quarterly dividend of $1.22, translating to an annual yield of 3.0%, with a high dividend payout ratio of 128.08%.

Boothbay Fund Management LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1,537.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 77,119 shares of the real estate investment trust's stock after acquiring an additional 72,408 shares during the period. Boothbay Fund Management LLC's holdings in Digital Realty Trust were worth $11,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC lifted its position in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after buying an additional 25,000 shares during the last quarter. Vectors Research Management LLC raised its stake in shares of Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after acquiring an additional 2,930 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after acquiring an additional 21,598 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after purchasing an additional 12,289 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 1.2%

NYSE:DLR traded down $2.01 during midday trading on Monday, reaching $161.23. The company had a trading volume of 1,878,260 shares, compared to its average volume of 2,051,314. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The firm has a market capitalization of $54.99 billion, a price-to-earnings 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. The stock's fifty day simple moving average is $170.79 and its 200-day simple moving average is $163.51.

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, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business 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. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research analyst reports. Oppenheimer began coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Stifel Nicolaus lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Mizuho boosted 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.