Peterson Wealth Management Increases Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Peterson Wealth Management increased its stake in Digital Realty Trust by 39.4%, owning 20,577 shares valued at approximately $2.95 million as of its latest SEC filing.
• Digital Realty Trust reported quarterly earnings of $1.87 per share, beating estimates and showing a 10.0% increase in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $1.22, resulting in an annualized dividend yield of 2.8% and a payout ratio of 128.08%.

Peterson Wealth Management raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 39.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,577 shares of the real estate investment trust's stock after buying an additional 5,816 shares during the quarter. Digital Realty Trust comprises approximately 2.0% of Peterson Wealth Management's holdings, making the stock its 19th largest position. Peterson Wealth Management's holdings in Digital Realty Trust were worth $2,948,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Hawaiian Bank grew its holdings in Digital Realty Trust by 128.6% during the 1st quarter. First Hawaiian Bank now owns 7,389 shares of the real estate investment trust's stock valued at $1,059,000 after buying an additional 4,157 shares in the last quarter. Inspire Investing LLC grew its holdings in Digital Realty Trust by 11.1% during the 1st quarter. Inspire Investing LLC now owns 35,122 shares of the real estate investment trust's stock valued at $5,033,000 after buying an additional 3,515 shares in the last quarter. Invst LLC purchased a new stake in Digital Realty Trust during the 1st quarter valued at approximately $706,000. Anson Funds Management LP purchased a new stake in Digital Realty Trust during the 1st quarter valued at approximately $1,702,000. Finally, Strs Ohio purchased a new stake in Digital Realty Trust during the 1st quarter valued at approximately $72,324,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

DLR stock opened at $174.66 on Friday. 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 business has a 50-day moving average price of $170.46 and a 200 day moving average price of $163.67. The company has a market capitalization of $59.57 billion, a P/E ratio of 45.84, a PEG ratio of 5.00 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-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, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company 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. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's payout ratio is presently 128.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DLR shares. Raymond James Financial raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Two equities research 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust 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.

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