Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Lifted by National Pension Service

Key Points

• The National Pension Service increased its stake in Digital Realty Trust by 10.1%, owning 868,069 shares valued at approximately $124.39 million as of the end of the first quarter.
• Digital Realty Trust reported an earnings per share (EPS) of $1.87 for the last quarter, exceeding the consensus estimate by $0.13, with revenues of $1.49 billion, reflecting a year-over-year increase of 10%.
• The company announced a quarterly dividend of $1.22 per share, which will be payable on September 30, 2023, representing an annualized dividend yield of 2.9%.

National Pension Service increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 868,069 shares of the real estate investment trust's stock after buying an additional 79,643 shares during the quarter. National Pension Service owned about 0.26% of Digital Realty Trust worth $124,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DLR. Townsquare Capital LLC lifted its position in Digital Realty Trust by 9.2% during the fourth quarter. Townsquare Capital LLC now owns 5,196 shares of the real estate investment trust's stock worth $921,000 after buying an additional 439 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth about $345,000. Mariner LLC increased its stake in Digital Realty Trust by 3.4% during the fourth quarter. Mariner LLC now owns 66,370 shares of the real estate investment trust's stock worth $11,769,000 after acquiring an additional 2,153 shares during the last quarter. Bridgewater Associates LP increased its stake in Digital Realty Trust by 2,588.2% during the fourth quarter. Bridgewater Associates LP now owns 53,979 shares of the real estate investment trust's stock worth $9,572,000 after acquiring an additional 51,971 shares during the last quarter. Finally, First Commonwealth Financial Corp PA increased its stake in Digital Realty Trust by 4.6% during the fourth quarter. First Commonwealth Financial Corp PA now owns 3,426 shares of the real estate investment trust's stock worth $608,000 after acquiring an additional 152 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.4%

NYSE DLR traded up $0.72 during mid-day trading on Friday, reaching $166.94. 1,949,868 shares of the company's stock traded hands, compared to its average volume of 1,448,169. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a fifty day simple moving average of $173.67 and a 200-day simple moving average of $163.52. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market cap of $56.93 billion, a price-to-earnings ratio of 43.82, a P/E/G ratio of 4.80 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 6.46% and a net margin of 23.98%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $1.65 EPS. Digital Realty Trust's quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DLR. Mizuho upped their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Raymond James Financial upped their price target on 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. Jefferies Financial Group restated a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

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.