Focus Partners Wealth Purchases 1,798 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Focus Partners Wealth increased its stake in Digital Realty Trust, acquiring an additional 1,798 shares, bringing its total ownership to approximately 183,430 shares valued at $26.28 million.
• Several large institutional investors, including Vanguard Group and Canada Pension Plan Investment Board, also boosted their holdings, indicating strong institutional interest in DLR.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, exceeding analysts' expectations, and declared a quarterly dividend of $1.22 per share with an annual yield of 2.8%.

Focus Partners Wealth raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,430 shares of the real estate investment trust's stock after acquiring an additional 1,798 shares during the quarter. Focus Partners Wealth owned approximately 0.05% of Digital Realty Trust worth $26,284,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DLR. Vanguard Group Inc. lifted its holdings 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. Canada Pension Plan Investment Board lifted its holdings 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. Northern Trust Corp lifted its holdings in shares of Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after purchasing an additional 220,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Digital Realty Trust by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock valued at $675,456,000 after purchasing an additional 57,312 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. Bank of America initiated coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price for the company. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays lifted their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Guggenheim initiated coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Mizuho lifted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $174.66 on Friday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market cap of $59.57 billion, a P/E ratio of 45.84, a PEG ratio of 5.00 and a beta of 0.96. The company has a 50 day moving average of $170.46 and a 200 day moving average of $163.67. The company has a quick ratio of 2.22, a current 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 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 analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $1.65 EPS. The firm's revenue for the quarter 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. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust's payout ratio is currently 128.08%.

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.

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