QRG Capital Management Inc. Has $7.98 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• QRG Capital Management Inc. increased its holdings in Digital Realty Trust by 15.3% during Q2, resulting in a total worth of $7.98 million after acquiring an additional 6,061 shares.
• The Canada Pension Plan Investment Board raised its stake in Digital Realty Trust by 63.0%, now holding over 7.14 million shares valued at approximately $1.02 billion.
• Digital Realty Trust declared a quarterly dividend of $1.22 per share, contributing to an annualized dividend of $4.88 and a yield of 2.8%.

QRG Capital Management Inc. grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,793 shares of the real estate investment trust's stock after buying an additional 6,061 shares during the quarter. QRG Capital Management Inc.'s holdings in Digital Realty Trust were worth $7,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Nuveen LLC purchased a new stake in Digital Realty Trust in the 1st quarter valued at $342,389,000. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after acquiring an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Digital Realty Trust by 41.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after acquiring an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust's stock worth $431,256,000 after acquiring an additional 816,334 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $176.56 on Monday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. 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 stock's fifty day moving average price is $170.00 and its two-hundred day moving average price is $166.15. The firm has a market cap of $60.22 billion, a PE ratio of 46.34, a PEG ratio of 5.07 and a beta of 0.96.

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 earnings per share 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 during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.65 EPS. The firm'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, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DLR shares. Guggenheim assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Mizuho lifted their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Digital Realty Trust in a report on Saturday, September 27th. Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company lifted 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 investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.44.

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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