Texas Yale Capital Corp. Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Texas Yale Capital Corp. increased its holdings in Digital Realty Trust by 6.1%, owning 26,688 shares worth approximately $3.8 million at the end of the last quarter.
• Digital Realty Trust reported an earnings per share (EPS) of $1.87 for the most recent quarter, exceeding analysts' estimates by $0.13, with year-over-year revenue growth of 10%.
• The company declared a quarterly dividend of $1.22 per share, which equates to an annualized dividend yield of 2.74%, with a current payout ratio of 128.08%.

Texas Yale Capital Corp. grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,688 shares of the real estate investment trust's stock after buying an additional 1,535 shares during the period. Texas Yale Capital Corp.'s holdings in Digital Realty Trust were worth $3,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLR. Northern Trust Corp raised its stake in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after buying an additional 1,854,748 shares during the last quarter. Deutsche Bank AG raised its stake in Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after buying an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC raised its stake in Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after buying an additional 1,123,018 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Digital Realty Trust in the fourth quarter valued at about $182,126,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Digital Realty Trust by 41.5% in the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after purchasing an additional 918,549 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

Shares of DLR traded down $2.10 during trading hours on Monday, hitting $175.81. 1,546,667 shares of the stock were exchanged, compared to its average volume of 1,479,287. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a market cap of $59.21 billion, a price-to-earnings ratio of 46.14, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The stock's 50-day moving average price is $173.62 and its two-hundred day moving average price is $163.79.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates 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 firm 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 business posted $1.65 earnings per share. The firm's revenue was up 10.0% compared to the same quarter last year. Research analysts expect 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.78%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Analysts Set New Price Targets

DLR has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday. Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Raymond James Financial lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $189.89.

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.