Intech Investment Management LLC Purchases 52,915 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Intech Investment Management LLC increased its stake in Digital Realty Trust by 3,127.4% in the first quarter, acquiring an additional 52,915 shares and bringing their total holdings to 54,607 shares valued at approximately $7.8 million.
• Digital Realty Trust reported $1.87 earnings per share for the last quarter, exceeding analysts' expectations, with a 10% year-over-year revenue growth.
• The company declared a quarterly dividend of $1.22 per share, translating to a 2.8% yield, with a payout ratio of 128.08%.

Intech Investment Management LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3,127.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,607 shares of the real estate investment trust's stock after acquiring an additional 52,915 shares during the period. Intech Investment Management LLC's holdings in Digital Realty Trust were worth $7,825,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DLR. Bison Wealth LLC lifted its stake in shares of Digital Realty Trust by 17.2% in the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock worth $471,000 after buying an additional 390 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Digital Realty Trust by 4.9% in the fourth quarter. Janus Henderson Group PLC now owns 106,824 shares of the real estate investment trust's stock worth $18,944,000 after buying an additional 5,009 shares in the last quarter. NorthRock Partners LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $537,000. Nomura Holdings Inc. lifted its stake in shares of Digital Realty Trust by 12.1% in the fourth quarter. Nomura Holdings Inc. now owns 46,510 shares of the real estate investment trust's stock worth $8,248,000 after buying an additional 5,010 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Digital Realty Trust by 3.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 84,201 shares of the real estate investment trust's stock worth $15,000,000 after buying an additional 2,663 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

DLR has been the topic of several analyst reports. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating on the stock. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust Stock Performance

DLR stock traded down $1.17 during midday trading on Friday, reaching $173.50. 1,341,254 shares of the company's stock traded hands, compared to its average volume of 1,551,391. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a market cap of $59.17 billion, a P/E ratio of 45.54, a PEG ratio of 4.99 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock's 50-day moving average is $170.48 and its 200 day moving average is $163.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS 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 during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The firm's revenue 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, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm 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. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend 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.