Nan Shan Life Insurance Co. Ltd. Invests $6.48 Million in Digital Realty Trust, Inc. $DLR

Key Points

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Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,210 shares of the real estate investment trust's stock, valued at approximately $6,478,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the 1st quarter valued at $26,000. Key Financial Inc grew its holdings in 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 worth $37,000 after acquiring an additional 138 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust in the 1st quarter worth $38,000. GKV Capital Management Co. Inc. bought a new stake in Digital Realty Trust in the 1st quarter worth $38,000. Finally, Grove Bank & Trust grew its holdings in Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DLR shares. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. JMP Securities reissued a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Oppenheimer started coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Up 1.9%

Shares of DLR traded up $3.1570 during trading hours on Friday, reaching $166.9370. 1,355,862 shares of the company traded hands, compared to its average volume of 1,457,840. The company's fifty day moving average price is $172.59 and its two-hundred day moving average price is $163.60. The company has a market capitalization of $56.93 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 4.71 and a beta of 0.92. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm 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 posted $1.65 EPS. 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 research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 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.