Northern Trust Corp Has $759.61 Million Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Northern Trust Corp increased its investment in Digital Realty Trust by 4.3%, acquiring an additional 220,649 shares, bringing its total ownership to 5,301,199 shares valued at approximately $759.6 million.
• Digital Realty Trust reported a quarterly earnings per share (EPS) of $1.87, exceeding analysts' expectations of $1.74, with a revenue of $1.49 billion, up 10% from the previous year.
• The company declared a quarterly dividend of $1.22 per share, reflecting a 3.0% yield and a dividend payout ratio of 128.08%.

Northern Trust Corp raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,301,199 shares of the real estate investment trust's stock after acquiring an additional 220,649 shares during the period. Northern Trust Corp owned approximately 1.57% of Digital Realty Trust worth $759,609,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DLR. Brooklyn Investment Group increased its position in shares of Digital Realty Trust by 19.1% during the 1st quarter. Brooklyn Investment Group now owns 1,988 shares of the real estate investment trust's stock valued at $285,000 after purchasing an additional 319 shares during the period. Keystone Global Partners LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $44,000. Versor Investments LP acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $1,014,000. Raymond James Financial Inc. increased its position in shares of Digital Realty Trust by 7.5% during the 1st quarter. Raymond James Financial Inc. now owns 760,115 shares of the real estate investment trust's stock valued at $108,917,000 after purchasing an additional 53,316 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Digital Realty Trust by 8.4% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 258,919 shares of the real estate investment trust's stock valued at $37,101,000 after purchasing an additional 20,102 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Citigroup reissued a "buy" rating and issued a $200.00 price target (up previously from $174.00) on shares of Digital Realty Trust in a research note on Monday, July 28th. 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 analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction on 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 sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Up 1.9%

Shares of NYSE DLR traded up $3.1570 during mid-day trading on Friday, reaching $166.9370. The company had a trading volume of 1,355,862 shares, compared to its average volume of 1,457,840. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market capitalization of $56.93 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. The stock's 50 day moving average is $172.59 and its 200-day moving average is $163.57.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping 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 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 business posted $1.65 earnings per share. Digital Realty Trust'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. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust's dividend payout ratio is currently 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.