Plan Group Financial LLC Has $1.27 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Plan Group Financial LLC increased its investment in Digital Realty Trust, Inc. by 46.4%, now holding 8,850 shares valued at approximately $1.27 million.
• The real estate investment trust reported a quarterly earnings per share of $1.87, exceeding analyst expectations, with revenue growing 10% year-over-year.
• Digital Realty Trust recently declared a quarterly dividend of $1.22 per share, with a dividend yield of 2.8% and a payout ratio of 128.08%.

Plan Group Financial LLC grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 46.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,850 shares of the real estate investment trust's stock after buying an additional 2,803 shares during the period. Plan Group Financial LLC's holdings in Digital Realty Trust were worth $1,268,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after buying an additional 607,132 shares during the last quarter. Pacific Heights Asset Management LLC lifted its position in shares of Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after buying an additional 25,000 shares during the last quarter. Vectors Research Management LLC lifted its position in shares of Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after buying an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Digital Realty Trust by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after purchasing an additional 21,598 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after purchasing an additional 1,644 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DLR. Citigroup reissued a "buy" rating and set a $200.00 price target (up from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Oppenheimer began coverage on Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target for the company. Scotiabank dropped their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

Insiders Place Their Bets

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction 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 sale, the director owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Price Performance

Shares of DLR traded up $1.66 during midday trading on Thursday, hitting $171.15. The company's stock had a trading volume of 1,164,453 shares, compared to its average volume of 1,526,305. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company's fifty day simple moving average is $174.42 and its two-hundred day simple moving average is $163.84. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $58.37 billion, a price-to-earnings ratio of 44.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $1.65 EPS. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust's payout ratio is currently 128.08%.

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.