Public Employees Retirement System of Ohio Increases Stake in Digital Realty Trust, Inc. $DLR

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Digital Realty Trust by 8.1%, owning approximately 0.18% of the company, valued at $103.26 million after acquiring more shares in the second quarter.
• Digital Realty Trust reported a Q2 EPS of $1.87, beating estimates, with revenue up 10% year-over-year, and has set a FY 2025 EPS guidance of $7.150-$7.250.
• The company declared a quarterly dividend of $1.22 per share, with a current yield of 2.8% and dividend payout ratio at 128.08%.

Public Employees Retirement System of Ohio grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 592,348 shares of the real estate investment trust's stock after purchasing an additional 44,187 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.18% of Digital Realty Trust worth $103,264,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Nvwm LLC boosted its position in Digital Realty Trust by 1.9% during the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock valued at $471,000 after buying an additional 60 shares during the period. Decatur Capital Management Inc. raised its stake in shares of Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock valued at $2,337,000 after acquiring an additional 61 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust's stock worth $683,000 after purchasing an additional 63 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Digital Realty Trust by 6.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust's stock worth $151,000 after purchasing an additional 65 shares during the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC increased its holdings in Digital Realty Trust by 3.2% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 66 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Down 0.3%

DLR stock opened at $174.18 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market cap of $59.40 billion, a P/E ratio of 45.72, a PEG ratio of 5.02 and a beta of 0.96. The business's 50-day moving average price is $170.85 and its 200-day moving average price is $164.73. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $1.65 EPS. The company'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. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Guggenheim started coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. Mizuho upped their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Finally, Wells Fargo & Company increased their target price 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Company 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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