Knights of Columbus Asset Advisors LLC Increases Stock Position in Digital Realty Trust, Inc. $DLR

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Digital Realty Trust by 45.4% in Q2, holding 38,973 shares valued at approximately $6.79 million.
• Digital Realty recently received positive analyst ratings, with a consensus price target of $192.44 and multiple firms raising their price objectives to $205.00.
• The company reported a 10% year-over-year revenue increase to $1.49 billion in its latest earnings announcement, exceeding analysts' expectations.

Knights of Columbus Asset Advisors LLC raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 45.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,973 shares of the real estate investment trust's stock after acquiring an additional 12,169 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Digital Realty Trust were worth $6,794,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DLR. Pacific Heights Asset Management LLC boosted its position in shares of Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after buying an additional 25,000 shares during the period. Vectors Research Management LLC boosted its holdings in Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after acquiring an additional 2,930 shares during the period. Asset Management One Co. Ltd. grew its position in Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after acquiring an additional 21,598 shares in the last quarter. Brown Advisory Inc. increased its stake in Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after purchasing an additional 1,644 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Digital Realty Trust by 9.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after purchasing an additional 12,289 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DLR. Stifel Nicolaus lifted 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. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. 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 report on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Digital Realty Trust in a report on Saturday, September 27th. Finally, Mizuho upped their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.44.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $176.56 on Monday. 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 firm has a market capitalization of $60.22 billion, a PE ratio of 46.34, a price-to-earnings-growth ratio of 5.07 and a beta of 0.96. The business's fifty day moving average price is $170.00 and its 200 day moving average price is $166.15.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.65 EPS. Digital Realty Trust's revenue for the quarter 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. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's 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.

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