S Bank Fund Management Ltd Buys Shares of 43,600 Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• S Bank Fund Management Ltd has acquired a new stake in Digital Realty Trust, Inc., purchasing 43,600 shares valued at approximately $6.25 million, making it the firm's 26th largest holding.
• Digital Realty Trust recently announced a quarterly dividend of $1.22 per share, which translates to an annualized yield of 2.9% and a payout ratio of 128.08%.
• Analysts have provided varying ratings for Digital Realty Trust, with a consensus rating of "Moderate Buy" and a target price averaging around $190.68, while some firms have set targets as high as $220.00.

S Bank Fund Management Ltd bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,600 shares of the real estate investment trust's stock, valued at approximately $6,247,000. Digital Realty Trust comprises approximately 1.2% of S Bank Fund Management Ltd's investment portfolio, making the stock its 26th biggest holding.

Other large investors have also recently made changes to their positions in the company. Townsquare Capital LLC grew its stake in Digital Realty Trust by 9.2% in the fourth quarter. Townsquare Capital LLC now owns 5,196 shares of the real estate investment trust's stock worth $921,000 after purchasing an additional 439 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $345,000. Mariner LLC boosted its stake in Digital Realty Trust by 3.4% in the fourth quarter. Mariner LLC now owns 66,370 shares of the real estate investment trust's stock valued at $11,769,000 after acquiring an additional 2,153 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $840,000. Finally, Bridgewater Associates LP grew its holdings in Digital Realty Trust by 2,588.2% in the fourth quarter. Bridgewater Associates LP now owns 53,979 shares of the real estate investment trust's stock worth $9,572,000 after purchasing an additional 51,971 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Oppenheimer started coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. JMP Securities reiterated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.68.

Digital Realty Trust Price Performance

NYSE:DLR traded up $0.72 during trading hours on Friday, reaching $166.94. 1,949,868 shares of the company were exchanged, compared to its average volume of 1,448,169. The stock's 50-day moving average is $173.67 and its 200-day moving average is $163.52. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market cap of $56.93 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly 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 analyst estimates of $1.44 billion. During the same period last year, the company posted $1.65 EPS. Digital Realty Trust's quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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 $1.22 dividend. 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 dividend payout ratio (DPR) is presently 128.08%.

Insiders Place Their Bets

In other 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 value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company's stock.

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.