QRG Capital Management Inc. Acquires 18,377 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• QRG Capital Management increased its Digital Realty Trust stake by 36.8% in the second quarter, adding 18,377 shares to own 68,322 shares valued at approximately $12.3 million. Institutional investors collectively own 99.71% of the company.
• Analysts remain broadly positive, with Digital Realty receiving a consensus “Moderate Buy” rating and an average price target of $219.84. Recent upgrades included Wells Fargo and TD Cowen, while targets were raised to as high as $229.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, although EPS of $1.21 missed expectations. The company declared a quarterly dividend of $1.22, equal to a 2.7% annualized yield.

QRG Capital Management Inc. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 36.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 68,322 shares of the real estate investment trust's stock after acquiring an additional 18,377 shares during the quarter. QRG Capital Management Inc.'s holdings in Digital Realty Trust were worth $12,269,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Digital Realty Trust during the second quarter worth about $7,277,032,000. Cohen & Steers Inc. lifted its position in shares of Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock worth $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. Norges Bank bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at $3,402,995,000. Bank of America Corp DE boosted its stake in shares of Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock valued at $1,706,714,000 after purchasing an additional 534,158 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Digital Realty Trust by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust's stock worth $1,423,373,000 after buying an additional 197,180 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $229.00 target price on shares of Digital Realty Trust in a report on Monday, July 27th. Barclays lifted their price objective on Digital Realty Trust from $189.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 1st. Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a research report on Wednesday, August 5th. TD Cowen raised Digital Realty Trust from a "hold" rating to a "buy" rating and raised their target price for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $219.84.

Digital Realty Trust Stock Performance

Shares of DLR opened at $181.14 on Thursday. The stock has a 50-day moving average of $188.27 and a 200-day moving average of $187.22. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $67.20 billion, a PE ratio of 87.93, a P/E/G ratio of 3.56 and a beta of 1.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The firm's revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 236.89%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

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