Korea Investment CORP Buys 18,660 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Korea Investment CORP increased its stake in Digital Realty Trust by 7.6%, holding 263,472 shares valued at approximately $37.75 million at the end of the reporting period.
• The real estate investment trust reported an EPS of $1.87 for the last quarter, exceeding analysts' estimates, and projected a FY 2025 EPS guidance between 7.150 and 7.250.
• Digital Realty Trust declared a quarterly dividend of $1.22 per share, with a dividend yield of 2.9% and a payout ratio of 128.08%.

Korea Investment CORP raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,472 shares of the real estate investment trust's stock after purchasing an additional 18,660 shares during the period. Korea Investment CORP owned 0.08% of Digital Realty Trust worth $37,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Qtron Investments LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth about $433,000. Aptus Capital Advisors LLC raised its stake in shares of Digital Realty Trust by 9.1% during the 1st quarter. Aptus Capital Advisors LLC now owns 78,523 shares of the real estate investment trust's stock worth $11,251,000 after purchasing an additional 6,568 shares in the last quarter. Northern Trust Corp raised its stake in shares of Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after acquiring an additional 220,649 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Digital Realty Trust by 19.1% in the 1st quarter. Brooklyn Investment Group now owns 1,988 shares of the real estate investment trust's stock valued at $285,000 after acquiring an additional 319 shares in the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of Digital Realty Trust in the 1st quarter valued at approximately $44,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DLR shares. JMP Securities reissued a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Barclays raised their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Citigroup reissued a "buy" rating and issued a $200.00 price objective (up from $174.00) on shares of Digital Realty Trust in a research note on Monday, July 28th. Raymond James Financial raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Finally, Guggenheim started coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating on the stock. Two investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Stock Performance

Shares of DLR traded down $1.5110 on Monday, reaching $165.5490. 197,412 shares of the stock traded hands, compared to its average volume of 2,069,095. The firm has a market cap of $56.46 billion, a price-to-earnings ratio of 43.45, a P/E/G ratio of 4.80 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick 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 stock's 50-day moving average price is $172.59 and its 200-day moving average price is $163.54.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date 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 currently 128.08%.

Digital Realty Trust 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.