FORA Capital LLC Takes $811,000 Position 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) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,658 shares of the real estate investment trust's stock, valued at approximately $811,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 1.8% in 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 buying an additional 925,674 shares during the last quarter. Northern Trust Corp lifted its position in shares of Digital Realty Trust by 4.3% in 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 buying an additional 220,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 11.4% in 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 buying an additional 492,692 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Digital Realty Trust by 1.2% in 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 buying an additional 57,312 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Digital Realty Trust by 4.8% in the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock valued at $586,414,000 after buying an additional 186,613 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of DLR traded down $0.83 during midday trading on Friday, hitting $167.74. The company's stock had a trading volume of 1,628,366 shares, compared to its average volume of 1,407,194. 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, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock has a market capitalization of $57.21 billion, a price-to-earnings ratio of 44.03, a price-to-earnings-growth ratio of 4.82 and a beta of 0.92. The company's fifty day simple moving average is $171.79 and its two-hundred day simple moving average is $163.64.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results 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 return on equity of 6.46% and a net margin of 23.98%.The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. The business'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, equities 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued 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 yield of 2.9%. Digital Realty Trust's payout ratio is presently 128.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DLR shares. Barclays lifted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Bank of America assumed coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. 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. Stifel Nicolaus boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Guggenheim started coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. Two investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $190.74.

Insider Buying and Selling

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated 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 transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

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.