Norinchukin Bank The Purchases 2,871 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Norinchukin Bank increased its stake in Digital Realty Trust, purchasing an additional 2,871 shares, bringing its total holdings to 29,913 shares valued at approximately $4.29 million.
• Several other institutional investors also boosted their positions in Digital Realty, with Pacific Heights Asset Management increasing their stake by 33.3% during the same period.
• Digital Realty announced a quarterly dividend of $1.22 per share, with a dividend yield of 3.0%, set to be paid on September 30th.

Norinchukin Bank The grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,913 shares of the real estate investment trust's stock after buying an additional 2,871 shares during the quarter. Norinchukin Bank The's holdings in Digital Realty Trust were worth $4,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $342,389,000. Northern Trust Corp grew its holdings in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after acquiring an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after acquiring an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Digital Realty Trust during the fourth quarter worth $182,126,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the subject of a number of research analyst reports. Barclays lifted 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. 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 report on Friday, July 25th. Mizuho increased their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Two investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Price Performance

NYSE DLR traded up $0.93 during trading on Wednesday, reaching $168.85. The company's stock had a trading volume of 316,563 shares, compared to its average volume of 2,069,678. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market capitalization of $57.59 billion, a PE ratio of 44.33, a P/E/G ratio of 4.77 and a beta of 0.92. The firm has a fifty day moving average of $172.23 and a 200 day moving average of $163.56. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping 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 business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the business posted $1.65 EPS. The business'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 expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director directly owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.17% of the company's stock.

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.