Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Metis Global Partners LLC

Key Points

• Metis Global Partners LLC increased its position in Digital Realty Trust, owning 110,894 shares worth approximately $15.89 million after acquiring an additional 14,031 shares in Q1.
• Digital Realty Trust recently reported $1.87 earnings per share for the quarter, exceeding analysts' expectations of $1.74 and reflecting a 10% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.22 per share, resulting in an annualized dividend yield of 2.74% despite a payout ratio of 128.08%.

Metis Global Partners LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 110,894 shares of the real estate investment trust's stock after buying an additional 14,031 shares during the period. Metis Global Partners LLC's holdings in Digital Realty Trust were worth $15,890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLR. Key Financial Inc boosted its holdings in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. Colonial Trust Co SC raised its holdings in Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 72 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Digital Realty Trust in the fourth quarter worth $53,000. Finally, Grove Bank & Trust increased its stake in Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 230 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 0.2%

DLR traded down $0.31 on Thursday, hitting $176.99. The company had a trading volume of 971,796 shares, compared to its average volume of 2,154,637. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The business's fifty day simple moving average is $174.08 and its 200 day simple moving average is $164.00. The company has a market cap of $59.61 billion, a PE ratio of 46.41, a PEG ratio of 3.31 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

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 (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 business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted $1.65 earnings per share. The business's quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.76%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of analyst reports. Oppenheimer assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price for the company. Mizuho boosted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. 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 report on Monday. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred 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 transaction, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.