Ethic Inc. Increases Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Ethic Inc. increased its stake in Digital Realty Trust by 9.1%, acquiring an additional 2,887 shares to hold a total of 34,520 shares valued at approximately $5.04 million.
• Digital Realty Trust reported an earnings per share (EPS) of $1.87, beating analysts' expectations, while also announcing a quarterly dividend of $1.22 to be paid on September 30th.
• Institutional investors continue to dominate ownership of Digital Realty Trust, holding about 99.71% of the company's stock, with significant recent purchases from firms like the Vanguard Group and Northern Trust Corp.

Ethic Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,520 shares of the real estate investment trust's stock after purchasing an additional 2,887 shares during the period. Ethic Inc.'s holdings in Digital Realty Trust were worth $5,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacific Heights Asset Management LLC lifted its stake in Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after acquiring an additional 25,000 shares during the period. Vectors Research Management LLC increased its position in shares of Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after purchasing an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Digital Realty Trust by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after purchasing an additional 21,598 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after purchasing an additional 12,289 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $1.4190 during midday trading on Wednesday, hitting $165.1510. The stock had a trading volume of 1,657,859 shares, compared to its average volume of 2,089,349. The firm's fifty day moving average is $173.21 and its two-hundred day moving average is $163.55. The company has a market capitalization of $56.32 billion, a PE ratio of 43.35, a P/E/G ratio of 4.75 and a beta of 0.92. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data 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. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $1.65 EPS. The company'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. On average, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Analyst Ratings Changes

DLR has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Mizuho upped their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, Citigroup reaffirmed a "buy" rating and set a $200.00 price target (up previously from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Company 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.