Charles Schwab Investment Management Inc. Purchases 101,849 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Digital Realty Trust by 2.8%, owning 3,734,601 shares valued at approximately $535.1 million.
• Institutional investors currently own 99.71% of Digital Realty Trust's stock, with significant investment activities noted from other hedge funds in the most recent quarter.
• Digital Realty Trust reported a quarterly EPS of $1.87, exceeding analysts' expectations, and declared a quarterly dividend of $1.22 per share, resulting in a annualized yield of 2.9%.

Charles Schwab Investment Management Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,734,601 shares of the real estate investment trust's stock after acquiring an additional 101,849 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.11% of Digital Realty Trust worth $535,131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after buying an additional 1,854,748 shares during the period. Deutsche Bank AG boosted its position in Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after acquiring an additional 1,232,043 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 worth $162,080,000 after purchasing an additional 1,123,018 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at $182,126,000. Finally, Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Down 0.7%

NYSE DLR traded down $1.23 during trading on Friday, reaching $170.00. 905,163 shares of the company's stock were exchanged, compared to its average volume of 1,523,664. The company's fifty day simple moving average is $174.38 and its 200-day simple moving average is $163.61. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a market capitalization of $57.98 billion, a PE ratio of 44.62, a P/E/G 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 (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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 was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DLR shares. Barclays raised their target price on shares of Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Wells Fargo & Company raised 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. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Stifel Nicolaus boosted 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, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $190.68.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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.