Quantitative Investment Management LLC Takes $3.06 Million Position in Digital Realty Trust, Inc. $DLR

Key Points

• Quantitative Investment Management LLC acquired 21,339 shares of Digital Realty Trust, valued at approximately $3,057,000, indicating institutional interest in the REIT.
• Digital Realty Trust reported an EPS of $1.87 for the last quarter, which exceeded analysts’ expectations, and projected a FY 2025 EPS guidance of 7.150-7.250.
• The company declared a quarterly dividend of $1.22 per share, yielding 2.9%, but has a payout ratio of 128.08%, signaling potential sustainability concerns.

Quantitative Investment Management LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,339 shares of the real estate investment trust's stock, valued at approximately $3,057,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 925,674 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock worth $759,609,000 after buying an additional 220,649 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after acquiring an additional 492,692 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Digital Realty Trust by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock worth $675,456,000 after acquiring an additional 57,312 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Digital Realty Trust by 4.8% in the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock worth $586,414,000 after acquiring an additional 186,613 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Trading Down 0.6%

Shares of DLR stock traded down $0.96 during trading hours on Thursday, reaching $168.77. The company had a trading volume of 1,010,065 shares, compared to its average volume of 2,069,648. 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 firm has a market cap of $57.56 billion, a price-to-earnings ratio of 44.30, a P/E/G ratio of 4.83 and a beta of 0.92. The company has a 50 day moving average of $172.10 and a 200 day moving average of $163.60.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm'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 anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued 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 yield of 2.9%. Digital Realty Trust's payout ratio is currently 128.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several research analyst reports. Mizuho lifted their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Guggenheim initiated coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday. Bank of America initiated coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company upped 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.74.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

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.