Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management LP boosted its stake in Digital Realty Trust, Inc. by 4.5%, increasing its holdings to 57,962 shares, valued at approximately $8.3 million.
• In the first quarter, several large investors, including Torray Investment Partners and Arkadios Wealth Advisors, significantly increased their positions in Digital Realty Trust, reflecting growing institutional interest.
• Digital Realty Trust recently announced a quarterly dividend of $1.22 per share, representing a dividend yield of 2.75%, despite a payout ratio exceeding 128%.

Lyell Wealth Management LP raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,962 shares of the real estate investment trust's stock after buying an additional 2,510 shares during the period. Lyell Wealth Management LP's holdings in Digital Realty Trust were worth $8,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Torray Investment Partners LLC raised its stake in shares of Digital Realty Trust by 19.4% in the 1st quarter. Torray Investment Partners LLC now owns 24,731 shares of the real estate investment trust's stock valued at $3,544,000 after purchasing an additional 4,011 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Digital Realty Trust by 85.2% during the first quarter. Arkadios Wealth Advisors now owns 6,704 shares of the real estate investment trust's stock valued at $961,000 after purchasing an additional 3,085 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Digital Realty Trust during the first quarter valued at approximately $2,176,000. Banque Cantonale Vaudoise bought a new position in shares of Digital Realty Trust during the first quarter valued at approximately $3,750,000. Finally, Federated Hermes Inc. grew its holdings in shares of Digital Realty Trust by 16.5% during the first quarter. Federated Hermes Inc. now owns 4,008 shares of the real estate investment trust's stock valued at $574,000 after purchasing an additional 569 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded down $4.39 on Friday, reaching $172.05. The stock had a trading volume of 1,662,113 shares, compared to its average volume of 1,436,393. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a market cap of $57.94 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 3.20 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $174.33 and its two-hundred day moving average is $164.02.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business's revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $1.65 earnings per share. As a group, research analysts anticipate 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Raymond James Financial raised 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 note on Friday, July 25th. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price objective on the stock. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Finally, Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. One equities research 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $190.68.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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.