Digital Realty Trust, Inc. $DLR Shares Purchased by Presima Securities ULC

Key Points

• Presima Securities ULC increased its stake in Digital Realty Trust, Inc. by 1,951.2% in the first quarter, acquiring an additional 161,679 shares, bringing its total ownership to approximately $24.35 million.
• The company reported an EPS of $1.87 for the last quarter, surpassing analyst expectations, with a year-over-year revenue increase of 10%.
• Digital Realty Trust declared a quarterly dividend of $1.22, which will be paid on September 30th, with a current annualized yield of 3.0%.

Presima Securities ULC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1,951.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,965 shares of the real estate investment trust's stock after acquiring an additional 161,679 shares during the period. Digital Realty Trust accounts for 5.4% of Presima Securities ULC's investment portfolio, making the stock its 8th biggest holding. Presima Securities ULC owned 0.05% of Digital Realty Trust worth $24,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Pacific Heights Asset Management LLC grew its stake in 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 purchasing an additional 25,000 shares in the last quarter. Vectors Research Management LLC grew its stake in shares of Digital Realty Trust by 15.8% in the 1st 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 in the last quarter. Asset Management One Co. Ltd. increased its holdings in Digital Realty Trust by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after buying an additional 21,598 shares during the last quarter. Brown Advisory Inc. raised its position in Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Digital Realty Trust by 9.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after acquiring an additional 12,289 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $10.12 during trading hours on Wednesday, hitting $174.10. 3,004,112 shares of the company's stock were exchanged, compared to its average volume of 1,492,554. The stock has a market capitalization of $59.38 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 4.72 and a beta of 0.96. The company's 50-day moving average price is $170.38 and its 200-day moving average price is $163.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. 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 issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS 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 company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business posted $1.65 EPS. The company's revenue for the quarter 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. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio is presently 128.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Oppenheimer started coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target for the company. Finally, Barclays raised their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. Two investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price 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.