Resona Asset Management Co. Ltd. Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Digital Realty Trust by 8.7%, now owning 193,504 shares valued at approximately $27.56 million.
• Digital Realty Trust's recent quarterly earnings showed an EPS of $1.87, exceeding analysts' expectations of $1.74.
• The company announced a quarterly dividend of $1.22 per share, with a dividend yield of 2.9% and an upcoming payout date on September 30th.

Resona Asset Management Co. Ltd. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 193,504 shares of the real estate investment trust's stock after purchasing an additional 15,487 shares during the period. Resona Asset Management Co. Ltd. owned approximately 0.06% of Digital Realty Trust worth $27,557,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC purchased a new stake in Digital Realty Trust during the 1st quarter worth approximately $572,000. Motley Fool Asset Management LLC lifted its stake in shares of Digital Realty Trust by 5.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 15,660 shares of the real estate investment trust's stock valued at $2,244,000 after purchasing an additional 739 shares during the period. Nuveen LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at $342,389,000. Entropy Technologies LP acquired a new position in Digital Realty Trust during the first quarter worth $2,119,000. Finally, Invesco Ltd. raised its position in Digital Realty Trust by 4.8% during the first 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 during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 1.4%

DLR stock traded down $2.41 during mid-day trading on Thursday, hitting $166.17. 1,313,018 shares of the company were exchanged, compared to its average volume of 1,467,827. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $56.67 billion, a P/E ratio of 43.61, a PEG ratio of 4.85 and a beta of 0.92. The business has a fifty day simple moving average of $173.86 and a 200-day simple moving average of $163.48. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results 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. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 earnings per share. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 (DPR) is 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents 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. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Barclays upped their price objective on shares of Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Jefferies Financial Group restated a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $190.68.

About Digital Realty Trust

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.