Dimensional Fund Advisors LP Acquires 57,312 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Dimensional Fund Advisors LP has increased its stake in Digital Realty Trust, Inc. by 1.2%, owning about 4.7 million shares valued at $675 million as of the end of the 1st quarter.
• A number of analysts are optimistic about the stock, with a consensus rating of "Moderate Buy" and target prices ranging from $140.00 to $220.00.
• Digital Realty Trust recently announced a quarterly dividend of $1.22 per share, resulting in an annualized yield of 2.9%, despite having a payout ratio of over 128%.

Dimensional Fund Advisors LP grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,714,045 shares of the real estate investment trust's stock after buying an additional 57,312 shares during the period. Dimensional Fund Advisors LP owned 1.40% of Digital Realty Trust worth $675,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nvwm LLC lifted its holdings in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after acquiring an additional 60 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of Digital Realty Trust by 3.2% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 66 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Digital Realty Trust by 1.5% during the first quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock worth $687,000 after buying an additional 70 shares during the period. Robbins Farley boosted its position in shares of Digital Realty Trust by 0.7% during the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after buying an additional 71 shares during the period. Finally, Colonial Trust Co SC boosted 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 worth $51,000 after buying an additional 72 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 0.4%

DLR traded down $0.6040 on Wednesday, hitting $165.9660. 475,542 shares of the company were exchanged, compared to its average volume of 2,081,238. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a market cap of $56.60 billion, a PE ratio of 43.71, a PEG ratio of 4.75 and a beta of 0.92. 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's fifty day moving average is $173.21 and its 200-day moving average is $163.55.

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 (EPS) 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 business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. Digital Realty Trust's revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 2.9%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent research reports. Citigroup reaffirmed a "buy" rating and set a $200.00 price objective (up from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Wells Fargo & Company upped their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Oppenheimer initiated coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. 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. Finally, Bank of America initiated coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.68.

Insider Transactions at Digital Realty Trust

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 value of $30,887.50. Following the sale, the director owned 6,522 shares in the company, valued at $1,151,133. This 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 this link. 0.17% of the stock is owned by corporate 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.