Royal Bank of Canada Increases Position in Digital Realty Trust, Inc. $DLR

Key Points

• Royal Bank of Canada increased its stake in Digital Realty Trust, Inc. by 1.4%, now owning approximately 2.46 million shares valued at $353.16 million.
• The company reported $1.87 EPS for the latest quarter, surpassing analysts' expectations and marking a 10% increase in revenue compared to the previous year.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, representing an annual yield of 2.9%, with a dividend payout ratio of 128.08%.

Royal Bank of Canada boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,464,621 shares of the real estate investment trust's stock after acquiring an additional 33,915 shares during the quarter. Royal Bank of Canada owned approximately 0.73% of Digital Realty Trust worth $353,156,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nvwm LLC boosted its position in shares of Digital Realty Trust by 1.9% in the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock valued at $471,000 after acquiring an additional 60 shares during the period. Decatur Capital Management Inc. lifted its position in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock worth $2,337,000 after purchasing an additional 61 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its stake in Digital Realty Trust by 3.2% during the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock worth $307,000 after acquiring an additional 66 shares in the last quarter. Probity Advisors Inc. raised its stake in Digital Realty Trust by 1.5% during the first quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock worth $687,000 after acquiring an additional 70 shares in the last quarter. Finally, Freedom Investment Management Inc. raised its stake in Digital Realty Trust by 1.4% during the first quarter. Freedom Investment Management Inc. now owns 4,900 shares of the real estate investment trust's stock worth $702,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Barclays increased their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Mizuho increased their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Finally, Stifel Nicolaus raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Price Performance

NYSE:DLR traded up $0.41 during mid-day trading on Friday, reaching $163.25. The stock had a trading volume of 1,352,714 shares, compared to its average volume of 2,052,346. The firm has a 50 day moving average price of $170.95 and a two-hundred day moving average price of $163.63. The stock has a market capitalization of $55.68 billion, a P/E ratio of 42.85, a P/E/G ratio of 4.64 and a beta of 0.96. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business'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. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust's dividend payout ratio (DPR) is currently 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.