Federation des caisses Desjardins du Quebec Purchases 1,621 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Digital Realty Trust, purchasing an additional 1,621 shares, bringing their total holdings to 9,447 shares valued at approximately $1.35 million.
• Digital Realty Trust reported earnings of $1.87 per share for the most recent quarter, surpassing analysts' expectations of $1.74, alongside a revenue of $1.49 billion.
• The company announced a quarterly dividend of $1.22, with an ex-dividend date set for September 15th, reflecting a 3.0% yield and a payout ratio of 128.08%.

Federation des caisses Desjardins du Quebec grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 20.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,447 shares of the real estate investment trust's stock after buying an additional 1,621 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Digital Realty Trust were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its stake in shares of Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Nuveen LLC bought a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $342,389,000. GAMMA Investing LLC grew its stake in shares of Digital Realty Trust by 13,842.2% during the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after purchasing an additional 1,123,018 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $182,126,000. Finally, Vanguard Group Inc. grew its stake in shares of Digital Realty Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after purchasing an additional 925,674 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $163.25 on Monday. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a market cap of $55.68 billion, a PE ratio of 42.85, a PEG ratio of 4.69 and a beta of 0.96. 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 firm's 50 day moving average price is $170.79 and its two-hundred day moving average price is $163.51.

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. The firm had revenue of $1.49 billion for 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%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 3.0%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Analysts Set New Price Targets

DLR has been the topic of several research analyst reports. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. 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. Wells Fargo & Company increased their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

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.

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