15,904 Shares in Digital Realty Trust, Inc. $DLR Bought by Jackson Square Capital LLC

Key Points

• Jackson Square Capital LLC purchased 15,904 shares of Digital Realty Trust, Inc., valued at approximately $2.77 million, signaling increased institutional interest in the REIT.
• Digital Realty Trust reported a 10% year-over-year increase in revenue for the latest quarter, along with earnings per share of $1.87, surpassing analyst expectations.
• The company announced a quarterly dividend of $1.22 per share, yielding 2.9%, with a payout ratio of 128.08%.

Jackson Square Capital LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,904 shares of the real estate investment trust's stock, valued at approximately $2,773,000.

Other hedge funds have also bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust during the first quarter valued at about $26,000. WPG Advisers LLC bought a new stake in Digital Realty Trust during the first quarter valued at about $30,000. 1 North Wealth Services LLC bought a new stake in Digital Realty Trust during the first quarter valued at about $31,000. Key Financial Inc boosted its stake in shares of Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $38,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 0.6%

DLR traded up $1.07 during trading on Friday, hitting $172.43. 3,146,544 shares of the stock were exchanged, compared to its average volume of 1,574,735. The firm has a 50 day simple moving average of $170.71 and a 200 day simple moving average of $164.32. The firm has a market cap of $58.81 billion, a price-to-earnings ratio of 45.26, a P/E/G ratio of 4.93 and a beta of 0.96. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. 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 (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.Digital Realty Trust's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted $1.65 EPS. 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 EPS for the current 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 given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DLR shares. Barclays upped their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Raymond James Financial upped their price objective on 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. Guggenheim initiated coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus increased 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.74.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

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.