Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Centersquare Investment Management LLC

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 stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,035,478 shares of the real estate investment trust's stock after purchasing an additional 82,420 shares during the quarter. Digital Realty Trust makes up about 4.5% of Centersquare Investment Management LLC's holdings, making the stock its 5th biggest position. Centersquare Investment Management LLC owned 0.90% of Digital Realty Trust worth $434,954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Key Financial Inc grew its position in shares of Digital Realty Trust by 114.0% during 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 during the last quarter. Opal Wealth Advisors LLC purchased a new position in Digital Realty Trust in the 1st quarter valued at $38,000. Grove Bank & Trust grew its position in Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Digital Realty Trust in the 1st quarter valued at $49,000. Finally, Adirondack Trust Co. increased its stake in Digital Realty Trust by 40.8% in the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 102 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Insiders Place Their Bets

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating on the stock. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Scotiabank dropped their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James Financial boosted their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $190.68.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded down $1.23 during midday trading on Friday, hitting $170.00. 905,163 shares of the stock were exchanged, compared to its average volume of 1,523,664. The stock has a market cap of $57.98 billion, a P/E ratio of 44.62, a PEG ratio of 4.89 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a 50 day moving average price of $174.38 and a 200-day moving average price of $163.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Digital Realty Trust Company 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.