Foresight Group Ltd Liability Partnership Grows Position in Digital Realty Trust, Inc. $DLR

Key Points

• Foresight Group Ltd Liability Partnership increased its stake in Digital Realty Trust by 8.3%, owning 136,136 shares worth approximately $19.4 million, making it the fund's 14th largest position.
• Multiple analysts have issued positive ratings on Digital Realty Trust, with Stifel Nicolaus raising the price target to $205 and a consensus rating of "Moderate Buy" with an average target price of $190.74.
• Digital Realty Trust announced a quarterly dividend of $1.22, representing a 2.8% yield, with a payout ratio currently at 128.08%.

Foresight Group Ltd Liability Partnership grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,136 shares of the real estate investment trust's stock after buying an additional 10,427 shares during the period. Digital Realty Trust accounts for 2.8% of Foresight Group Ltd Liability Partnership's holdings, making the stock its 14th biggest position. Foresight Group Ltd Liability Partnership's holdings in Digital Realty Trust were worth $19,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in DLR. Jacobi Capital Management LLC raised its stake in Digital Realty Trust by 7.0% in the 1st quarter. Jacobi Capital Management LLC now owns 6,022 shares of the real estate investment trust's stock worth $863,000 after acquiring an additional 396 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Digital Realty Trust by 6.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust's stock valued at $151,000 after purchasing an additional 65 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Digital Realty Trust by 3,127.4% in the first quarter. Intech Investment Management LLC now owns 54,607 shares of the real estate investment trust's stock valued at $7,825,000 after purchasing an additional 52,915 shares during the period. Focus Partners Wealth raised its stake in shares of Digital Realty Trust by 1.0% in the first quarter. Focus Partners Wealth now owns 183,430 shares of the real estate investment trust's stock worth $26,284,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth about $46,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Raymond James Financial increased 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 research note on Friday, July 25th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Price Performance

NYSE:DLR opened at $174.10 on Thursday. 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 company has a 50 day moving average price of $170.42 and a 200-day moving average price of $163.56. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm has a market cap of $59.38 billion, a price-to-earnings ratio of 45.70, a price-to-earnings-growth ratio of 4.72 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (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 firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Digital Realty Trust Company 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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