Centersquare Investment Management LLC Purchases 82,420 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Centersquare Investment Management LLC has increased its stake in Digital Realty Trust by 2.8%, making it the 5th largest position in their portfolio with a total of 3,035,478 shares valued at approximately $434.95 million.
• Digital Realty Trust reported a quarterly EPS of $1.87, surpassing analysts' expectations of $1.74, with revenue also rising by 10.0% year-over-year to $1.49 billion.
• The company recently declared a quarterly dividend of $1.22 per share, yielding 2.8%, while its dividend payout ratio stands at 128.08%.

Centersquare Investment Management LLC grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,035,478 shares of the real estate investment trust's stock after buying an additional 82,420 shares during the quarter. Digital Realty Trust accounts for approximately 4.5% of Centersquare Investment Management LLC's holdings, making the stock its 5th biggest holding. Centersquare Investment Management LLC owned approximately 0.90% of Digital Realty Trust worth $434,954,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Key Financial Inc boosted its stake in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares during the period. Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust in the first quarter worth about $38,000. Colonial Trust Co SC boosted its position in shares of Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $53,000. Finally, Grove Bank & Trust raised its holdings in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after buying an additional 230 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DLR shares. Guggenheim assumed coverage on Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price for the company. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Barclays lifted their price objective on shares of Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Finally, JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $190.68.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Up 1.0%

DLR traded up $1.66 on Thursday, hitting $171.15. The company had a trading volume of 1,164,453 shares, compared to its average volume of 1,526,305. The stock has a market capitalization of $58.37 billion, a price-to-earnings ratio of 44.92, a P/E/G ratio of 3.15 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. The stock has a fifty day moving average price of $174.42 and a 200-day moving average price of $163.84. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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 business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.65 EPS. The company's revenue was up 10.0% compared to the same quarter last year. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is 128.08%.

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.