Longfellow Investment Management Co. LLC Makes New $572,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Longfellow Investment Management Co. LLC recently acquired 3,993 shares of Digital Realty Trust, Inc. (NYSE:DLR), worth approximately $572,000, indicating growing institutional interest in the REIT.
• Digital Realty Trust reported a 10% increase in revenue year-over-year for the quarter, with earnings per share of $1.87, surpassing analysts' expectations.
• A quarterly dividend of $1.22 was recently declared and paid, representing a 2.9% dividend yield, with a significantly high payout ratio of 128.08%.

Longfellow Investment Management Co. LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,993 shares of the real estate investment trust's stock, valued at approximately $572,000.

A number of other hedge funds have also recently made changes to their positions in the company. Motley Fool Asset Management LLC raised its holdings in Digital Realty Trust by 5.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 15,660 shares of the real estate investment trust's stock valued at $2,244,000 after buying an additional 739 shares during the last quarter. Nuveen LLC acquired a new position in Digital Realty Trust in the 1st quarter valued at approximately $342,389,000. Entropy Technologies LP acquired a new position in Digital Realty Trust in the 1st quarter valued at approximately $2,119,000. Invesco Ltd. raised its stake in shares of Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock valued at $586,414,000 after acquiring an additional 186,613 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of Digital Realty Trust by 6.0% during the first quarter. Benjamin Edwards Inc. now owns 45,513 shares of the real estate investment trust's stock valued at $6,522,000 after acquiring an additional 2,592 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.3%

Shares of NYSE DLR traded up $0.53 during trading on Tuesday, hitting $169.26. 1,098,813 shares of the company traded hands, compared to its average volume of 1,484,179. The firm has a market capitalization of $57.73 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 4.85 and a beta of 0.92. The business's fifty day moving average is $174.21 and its 200 day moving average is $163.43. 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, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Analyst Upgrades and Downgrades

DLR has been the topic of several analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Citigroup reaffirmed 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. Scotiabank decreased their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, 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 can be accessed through the SEC website. Insiders own 0.17% 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.