Groupe la Francaise Increases Position in Digital Realty Trust, Inc. $DLR

Key Points

• Groupe la Francaise increased its stake in Digital Realty Trust by 15.9% during the first quarter, holding 20,419 shares valued at approximately $2.96 million.
• Recent research firm evaluations show Barclays and Raymond James have altered their price targets for Digital Realty Trust, with Raymond James assigning a "strong-buy" rating and raising its target from $190 to $205.
• The company declared a quarterly dividend of $1.22 per share, set to be paid on September 30th, representing an annualized yield of 2.9%.

Groupe la Francaise increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,419 shares of the real estate investment trust's stock after purchasing an additional 2,796 shares during the quarter. Groupe la Francaise's holdings in Digital Realty Trust were worth $2,960,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DLR. Nuveen LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter valued at about $342,389,000. Northern Trust Corp increased its holdings in Digital Realty Trust by 57.5% during the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after acquiring an additional 1,854,748 shares in the last quarter. Deutsche Bank AG increased its holdings in Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after acquiring an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC increased its holdings in Digital Realty Trust by 13,842.2% during the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after acquiring an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Digital Realty Trust during the 4th quarter valued at about $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the business'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 completion of the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DLR. Barclays raised 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. Raymond James Financial raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Oppenheimer began coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price for the company. Finally, Mizuho raised 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 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 issued a Sell rating to the company's stock. According to 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 Stock Performance

Shares of NYSE DLR opened at $166.9370 on Friday. The company has a market cap of $56.93 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month 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 company has a 50-day simple moving average of $172.59 and a 200-day simple moving average of $163.57.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued 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 dividend yield of 2.9%. Digital Realty Trust's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.