Raymond James Financial Inc. Acquires 53,316 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Raymond James Financial Inc. increased its stake in Digital Realty Trust, Inc. by 7.5%, owning approximately 760,115 shares valued at around $108.9 million.
• Digital Realty Trust reported earnings of $1.87 per share, exceeding analysts' expectations, along with a 10% year-over-year revenue increase totaling $1.49 billion.
• The company has announced a quarterly dividend of $1.22 per share, reflecting an annualized dividend yield of 3.0% with a payout ratio of 128.08%.

Raymond James Financial Inc. lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 760,115 shares of the real estate investment trust's stock after purchasing an additional 53,316 shares during the quarter. Raymond James Financial Inc. owned 0.23% of Digital Realty Trust worth $108,917,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust during the first quarter worth $26,000. Key Financial Inc increased its position in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth about $38,000. GKV Capital Management Co. Inc. bought a new position in Digital Realty Trust in the 1st quarter valued at about $38,000. Finally, Grove Bank & Trust boosted its stake in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Guggenheim assumed coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Barclays lifted their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday. Raymond James Financial increased their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a report on Friday, July 25th. Finally, JMP Securities reissued a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Monday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Digital Realty Trust Stock Performance

NYSE DLR traded up $3.1570 during trading hours on Friday, reaching $166.9370. 1,355,862 shares of the company were exchanged, compared to its average volume of 1,395,521. The stock has a market capitalization of $56.93 billion, a P/E ratio of 43.82, a P/E/G ratio of 4.80 and a beta of 0.92. 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, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The business's 50 day simple moving average is $172.59 and its 200-day simple moving average is $163.54.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.44 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The company's quarterly 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 expect that Digital Realty Trust, Inc. will post 7.07 earnings per share 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. Shareholders of record on Monday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio is 128.08%.

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.