Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 8,900 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has decreased its holdings in Digital Realty Trust by 16.4%, selling 8,900 shares and retaining 45,500 shares valued at approximately $6.52 million.
• Analyst ratings for Digital Realty Trust indicate a consensus of "Moderate Buy," with a majority assigning buy ratings and price targets averaging around $190.68.
• Digital Realty Trust has announced a quarterly dividend of $1.22 per share, set to be paid on September 30th, with a yield of 2.9% and a high dividend payout ratio of 128.08%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,500 shares of the real estate investment trust's stock after selling 8,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Digital Realty Trust were worth $6,520,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Holderness Investments Co. boosted its holdings in Digital Realty Trust by 38.9% during the first quarter. Holderness Investments Co. now owns 2,140 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 599 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Digital Realty Trust by 4.8% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,251 shares of the real estate investment trust's stock valued at $1,469,000 after acquiring an additional 468 shares during the period. S Bank Fund Management Ltd bought a new stake in Digital Realty Trust during the first quarter valued at about $6,247,000. National Pension Service boosted its holdings in Digital Realty Trust by 10.1% during the first quarter. National Pension Service now owns 868,069 shares of the real estate investment trust's stock valued at $124,386,000 after acquiring an additional 79,643 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new stake in Digital Realty Trust during the first quarter valued at about $38,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 1.1%

Shares of Digital Realty Trust stock traded down $1.8470 during trading hours on Wednesday, reaching $164.7230. 828,836 shares of the company's stock were exchanged, compared to its average volume of 2,083,898. The company has a 50 day moving average of $173.21 and a two-hundred day moving average of $163.55. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two 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. The stock has a market cap of $56.18 billion, a P/E ratio of 43.22, a P/E/G ratio of 4.75 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $1.65 EPS. The company's quarterly 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, sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were 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 trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Citigroup reiterated a "buy" rating and issued a $200.00 target price (up previously from $174.00) on shares of Digital Realty Trust in a research note on Monday, July 28th. Wells Fargo & Company increased their target price 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. Bank of America assumed coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Finally, Barclays raised their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.