MBB Public Markets I LLC Acquires New Stake in Digital Realty Trust, Inc. $DLR

Key Points

• MBB Public Markets I LLC has acquired a new stake in Digital Realty Trust, Inc. by purchasing 2,103 shares valued at approximately $301,000 during the 1st quarter.
• Analysts have given Digital Realty Trust a consensus rating of "Moderate Buy", with a price target of $190.74.
• The company reported $1.87 earnings per share (EPS) in its last quarterly earnings, surpassing expectations and indicating a 10.0% revenue growth compared to the previous year.

MBB Public Markets I LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,103 shares of the real estate investment trust's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacific Heights Asset Management LLC grew its holdings in shares of Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after purchasing an additional 25,000 shares in the last quarter. Vectors Research Management LLC grew its holdings in shares of Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after purchasing an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Digital Realty Trust by 3.5% in the first 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 purchasing an additional 21,598 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Digital Realty Trust by 9.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after purchasing an additional 12,289 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Finally, Barclays lifted their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Stock Down 0.7%

DLR traded down $1.17 on Friday, hitting $173.50. The company had a trading volume of 1,341,254 shares, compared to its average volume of 1,551,391. The stock has a fifty day moving average price of $170.48 and a 200-day moving average price of $163.80. 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 quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $59.17 billion, a price-to-earnings ratio of 45.54, a P/E/G ratio of 4.99 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share 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 business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The company's revenue 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. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS 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. Stockholders of record on Monday, September 15th will be paid 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 2.8%. Digital Realty Trust's payout ratio is presently 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.