Entropy Technologies LP Purchases New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Entropy Technologies LP acquired 14,787 shares of Digital Realty Trust, valued at approximately $2,119,000, as part of their first-quarter investment activities.
• Digital Realty Trust reported a 10% increase in revenue year-over-year, posting $1.49 billion for the quarter and an EPS of $1.87, exceeding analyst expectations.
• The company announced a quarterly dividend of $1.22 per share, reflecting a 2.9% dividend yield, with a notable payout ratio of 128.08%.

Entropy Technologies LP purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,787 shares of the real estate investment trust's stock, valued at approximately $2,119,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust in the first quarter valued at approximately $26,000. Key Financial Inc increased its stake in 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 stake in Digital Realty Trust in the first quarter valued at approximately $38,000. Grove Bank & Trust increased its stake in Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Digital Realty Trust in the first quarter valued at approximately $49,000. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

DLR has been the subject of several research reports. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Bank of America initiated coverage on shares of 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. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Citigroup reissued a "buy" rating and set a $200.00 price objective (up previously from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Finally, Oppenheimer initiated coverage on shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Digital Realty Trust Stock Performance

DLR stock traded up $0.53 during trading hours on Tuesday, reaching $169.26. The stock had a trading volume of 1,098,813 shares, compared to its average volume of 1,484,179. The stock has a market capitalization of $57.73 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 4.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a 50-day simple moving average of $174.21 and a 200 day simple moving average of $163.43. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion during 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 6.46%. Digital Realty Trust's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 EPS. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 payout ratio is 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

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.