American Assets Investment Management LLC Has $8.10 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• American Assets Investment Management LLC increased its stake in Digital Realty Trust by a significant 1,340.5%, acquiring 52,588 additional shares during the first quarter.
• Digital Realty Trust posted a Q2 earnings per share of $1.87, surpassing analysts' expectations, with revenue rising 10% year-over-year.
• The company announced a quarterly dividend of $1.22 per share, representing an annual yield of 2.8%, with a payout ratio currently at 128.08%.

American Assets Investment Management LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1,340.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,511 shares of the real estate investment trust's stock after acquiring an additional 52,588 shares during the quarter. American Assets Investment Management LLC's holdings in Digital Realty Trust were worth $8,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Key Financial Inc boosted 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 purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Colonial Trust Co SC raised its holdings 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 worth $51,000 after acquiring an additional 72 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $53,000. Finally, Grove Bank & Trust raised its holdings in shares of Digital Realty Trust by 306.7% during the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Up 1.0%

DLR stock traded up $1.66 during trading on Thursday, hitting $171.15. 1,164,453 shares of the company's stock were exchanged, 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 PEG ratio of 3.15 and a beta of 0.92. 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 $174.42 and a two-hundred day moving average price of $163.84. 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 released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating 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 analyst estimates of $1.44 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The business's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DLR shares. Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. Citigroup restated a "buy" rating and set a $200.00 price objective (up from $174.00) on shares of Digital Realty Trust in a research note on Monday, July 28th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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 transaction of $30,887.50. Following the transaction, the director directly owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.