Digital Realty Trust, Inc. $DLR Shares Purchased by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D increased its stake in Digital Realty Trust by 8.4%, owning 258,919 shares valued at approximately $37.1 million.
• Digital Realty Trust reported a higher-than-expected earnings per share of $1.87 in its latest quarterly earnings, beating consensus estimates by $0.13.
• The company declared a quarterly dividend of $1.22 per share, representing an annualized yield of 2.9% with a payout ratio of 128.08%.

State of New Jersey Common Pension Fund D raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,919 shares of the real estate investment trust's stock after buying an additional 20,102 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of Digital Realty Trust worth $37,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Nuveen LLC purchased a new position in Digital Realty Trust during the 1st quarter valued at about $342,389,000. Northern Trust Corp grew its stake in shares of Digital Realty Trust by 57.5% in 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 acquiring an additional 1,854,748 shares during the period. Deutsche Bank AG grew its stake in shares of Digital Realty Trust by 66.6% in the fourth 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 acquiring an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Digital Realty Trust during the fourth quarter valued at approximately $182,126,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.9%

Shares of Digital Realty Trust stock traded up $1.4560 on Tuesday, reaching $166.4760. The stock had a trading volume of 1,312,192 shares, compared to its average volume of 2,091,916. The company has a 50 day moving average price of $173.43 and a 200 day moving average price of $163.53. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The stock has a market capitalization of $56.78 billion, a P/E ratio of 43.69, a P/E/G ratio of 4.80 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Scotiabank dropped their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. Finally, Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $190.68.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on 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 transaction, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company's stock.

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.