Mackenzie Financial Corp Has $4.63 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Mackenzie Financial Corp increased its stake in Digital Realty Trust by 18.0%, now owning 32,326 shares valued at approximately $4.63 million.
• Digital Realty Trust reported $1.87 earnings per share for the last quarter, surpassing analysts' estimates of $1.74, with revenue of $1.49 billion.
• The company announced a quarterly dividend of $1.22 per share, resulting in an annualized yield of 2.8% and a high dividend payout ratio of 128.08%.

Mackenzie Financial Corp grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 18.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,326 shares of the real estate investment trust's stock after purchasing an additional 4,921 shares during the quarter. Mackenzie Financial Corp's holdings in Digital Realty Trust were worth $4,632,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Key Financial Inc lifted its holdings in shares of Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the first quarter valued at approximately $38,000. Colonial Trust Co SC increased its position 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 valued at $51,000 after acquiring an additional 72 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $53,000. Finally, Grove Bank & Trust increased its position 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 valued at $44,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DLR. Citigroup reaffirmed a "buy" rating and set a $200.00 price target (up from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Scotiabank decreased their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. 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. JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, Bank of America assumed coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.68.

Digital Realty Trust Price Performance

DLR stock traded up $0.52 during mid-day trading on Monday, hitting $172.73. 1,347,674 shares of the stock were exchanged, compared to its average volume of 1,519,500. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 1.92. The business has a fifty day moving average price of $174.33 and a 200 day moving average price of $163.83. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market capitalization of $58.17 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 3.20 and a beta of 0.92.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $1.65 EPS. Digital Realty Trust's revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 2.8%. Digital Realty Trust's dividend payout ratio is presently 128.08%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on 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 $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is owned by insiders.

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.