MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $39.90 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Digital Realty Trust by 22.1%, owning approximately $39.90 million worth of stock as of the latest 13F filing.
• Digital Realty Trust reported Q2 earnings with an EPS of $1.87, surpassing expectations, and a revenue increase of 10% year-over-year, totaling $1.49 billion.
• Analysts have a consensus rating of "Moderate Buy" for DLR, with a target price average of $190.74, influenced by various ratings and price target changes from prominent firms.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 278,474 shares of the real estate investment trust's stock after buying an additional 50,327 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Digital Realty Trust worth $39,903,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust in the 1st quarter valued at approximately $26,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $31,000. Key Financial Inc lifted its stake in Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 138 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Mizuho lifted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Finally, Barclays increased their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Trading Up 0.2%

Shares of DLR stock opened at $163.25 on Friday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $170.79 and its two-hundred day moving average is $163.57. The company has a market cap of $55.68 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 4.69 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $1.65 earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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 issued 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 3.0%. Digital Realty Trust's payout ratio is 128.08%.

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.

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