Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,281 shares of the real estate investment trust's stock after acquiring an additional 13,900 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Digital Realty Trust were worth $22,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after buying an additional 607,132 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in shares of Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after buying an additional 25,000 shares in the last quarter. Vectors Research Management LLC grew its holdings in shares of Digital Realty Trust by 15.8% during the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after buying an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after buying an additional 21,598 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after buying an additional 1,644 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DLR. Citigroup lowered their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday. Finally, Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $188.53.

Insider Activity

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 transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Down 1.2%

Shares of NYSE DLR traded down $2.16 during trading on Friday, reaching $177.86. 2,602,172 shares of the stock were exchanged, compared to its average volume of 1,482,118. The company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 46.68, a price-to-earnings-growth ratio of 2.68 and a beta of 0.95. The business's 50-day moving average price is $173.62 and its 200 day moving average price is $163.91. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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 (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.59%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) 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.