Jump Financial LLC Invests $14.51 Million in Digital Realty Trust, Inc. $DLR

Key Points

• Jump Financial LLC has invested approximately $14.51 million in Digital Realty Trust, acquiring 101,281 shares of the real estate investment trust's stock.
• Analysts have set various price targets for Digital Realty Trust, with a consensus rating of "Moderate Buy" and an average price target of $190.74.
• The company recently announced a quarterly dividend of $1.22 per share, with a current dividend yield of 2.9%.

Jump Financial LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 101,281 shares of the real estate investment trust's stock, valued at approximately $14,513,000.

Other large investors also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new position in Digital Realty Trust in the 1st quarter worth $26,000. Key Financial Inc raised its position in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares during the period. GKV Capital Management Co. Inc. purchased a new position in Digital Realty Trust in the 1st quarter worth $38,000. Opal Wealth Advisors LLC purchased a new position in Digital Realty Trust in the 1st quarter worth $38,000. Finally, Colonial Trust Co SC raised its position in Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the topic of a number of analyst reports. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Raymond James Financial boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Finally, Citigroup restated a "buy" rating and issued a $200.00 price objective (up previously from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust Trading Up 1.9%

Shares of DLR opened at $166.9370 on Friday. The firm's 50-day moving average price is $172.59 and its 200-day moving average price is $163.57. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 4.80 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend 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 presently 128.08%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

About Digital Realty Trust

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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