IFM Investors Pty Ltd Decreases Stake in Digital Realty Trust, Inc. $DLR

Key Points

• IFM Investors Pty Ltd reduced its stake in Digital Realty Trust by 6.9% during the first quarter, selling 9,323 shares, leaving them with 126,147 shares valued at approximately $18 million.
• Digital Realty Trust has been recently upgraded by analysts, with Mizuho raising its price target to $191 and Wells Fargo increasing theirs to $195, indicating a positive outlook for the stock.
• The company declared a quarterly dividend of $1.22 per share, payable on September 30, with a current yield of 3.0% despite a high payout ratio of 128.08%.

IFM Investors Pty Ltd decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,147 shares of the real estate investment trust's stock after selling 9,323 shares during the quarter. IFM Investors Pty Ltd's holdings in Digital Realty Trust were worth $18,076,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in 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 in the last quarter. Canada Pension Plan Investment Board raised its stake in 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 in the last quarter. Northern Trust Corp raised its stake in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DLR shares. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Stock Up 1.6%

Digital Realty Trust stock traded up $2.72 during midday trading on Monday, hitting $175.00. 738,434 shares of the company's stock were exchanged, compared to its average volume of 2,041,087. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm has a 50-day moving average of $170.48 and a two-hundred day moving average of $163.85. The company has a market cap of $59.68 billion, a PE ratio of 45.90, a P/E/G ratio of 4.99 and a beta of 0.96.

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 for the quarter, beating 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 business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.65 EPS. The company's 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. As a group, 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 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) 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.