FORA Capital LLC Invests $811,000 in Digital Realty Trust, Inc. $DLR

Key Points

• FORA Capital LLC has made a new investment in Digital Realty Trust, purchasing 5,658 shares valued at approximately $811,000 in the first quarter.
• Digital Realty Trust recently reported $1.87 earnings per share, beating estimates and showcasing a 10% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.22 per share with an annualized yield of 2.9%, despite a high dividend payout ratio of 128.08%.

FORA Capital LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,658 shares of the real estate investment trust's stock, valued at approximately $811,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. MGO One Seven LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth $266,000. Integrated Wealth Concepts LLC grew its holdings in shares of Digital Realty Trust by 2.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 6,360 shares of the real estate investment trust's stock valued at $1,128,000 after purchasing an additional 180 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Digital Realty Trust in the fourth quarter worth $1,460,000. Quarry LP bought a new stake in Digital Realty Trust in the 4th quarter valued at about $80,000. Finally, Lido Advisors LLC boosted its position in shares of Digital Realty Trust by 27.6% during the fourth quarter. Lido Advisors LLC now owns 6,523 shares of the real estate investment trust's stock worth $1,164,000 after buying an additional 1,410 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DLR shares. Raymond James Financial upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Citigroup reaffirmed a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Mizuho increased their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Finally, Bank of America assumed coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust Trading Down 2.9%

NYSE:DLR opened at $162.86 on Wednesday. The stock has a market capitalization of $55.54 billion, a PE ratio of 42.74, a price-to-earnings-growth ratio of 4.82 and a beta of 0.96. 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 debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The business's 50-day simple moving average is $171.30 and its 200-day simple moving average is $163.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insider Transactions at Digital Realty Trust

In other 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 transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company's stock.

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.