Invesco Ltd. Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Invesco Ltd. increased its stake in Digital Realty Trust by 4.8%, now owning over 4 million shares valued at approximately $586 million.
• Digital Realty Trust reported $1.87 EPS for the quarter, exceeding analysts' estimates of $1.74, and has projected a 7.07 EPS for the current year.
• Several analysts raised their target prices for Digital Realty Trust, with Wells Fargo boosting it to $195 and Citigroup setting it at $200, indicating strong investor interest.

Invesco Ltd. increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,092,496 shares of the real estate investment trust's stock after acquiring an additional 186,613 shares during the quarter. Invesco Ltd. owned approximately 1.22% of Digital Realty Trust worth $586,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DLR. Bank of Nova Scotia grew its position in Digital Realty Trust by 6.7% during the 4th quarter. Bank of Nova Scotia now owns 43,332 shares of the real estate investment trust's stock worth $7,684,000 after acquiring an additional 2,739 shares during the last quarter. Bessemer Group Inc. grew its position in Digital Realty Trust by 2.1% during the 4th quarter. Bessemer Group Inc. now owns 41,674 shares of the real estate investment trust's stock worth $7,390,000 after acquiring an additional 842 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 74 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Digital Realty Trust by 3.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 395,073 shares of the real estate investment trust's stock worth $70,032,000 after acquiring an additional 14,072 shares during the last quarter. Finally, Townsquare Capital LLC grew its position in Digital Realty Trust by 9.2% during the 4th quarter. Townsquare Capital LLC now owns 5,196 shares of the real estate investment trust's stock worth $921,000 after acquiring an additional 439 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business'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 completion of the transaction, the director owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 1.4%

Shares of DLR stock traded down $2.36 during mid-day trading on Thursday, hitting $166.23. The company's stock had a trading volume of 677,277 shares, compared to its average volume of 2,096,971. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The business has a 50-day moving average price of $174.06 and a 200 day moving average price of $163.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $56.69 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 4.87 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted 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 firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The company's revenue was up 10.0% on a year-over-year basis. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is currently 128.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DLR shares. Raymond James Financial lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Scotiabank cut their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Barclays lifted their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have given 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.com, the company presently has an average rating of "Moderate Buy" and an average target price of $190.68.

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.