S Bank Fund Management Ltd Purchases 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 Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43,600 shares of the real estate investment trust's stock, valued at approximately $6,247,000. Digital Realty Trust accounts for about 1.2% of S Bank Fund Management Ltd's investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. Greykasell Wealth Strategies Inc. purchased a new position in shares of Digital Realty Trust during the first quarter valued at $26,000. Key Financial Inc increased its stake 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 valued at $37,000 after buying an additional 138 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the first quarter valued at $38,000. GKV Capital Management Co. Inc. purchased a new position in shares of Digital Realty Trust during the first quarter valued at $38,000. Finally, Grove Bank & Trust increased its stake in shares of Digital Realty Trust by 306.7% during the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 1.4%

NYSE DLR traded down $2.41 during trading on Thursday, hitting $166.17. The company's stock had a trading volume of 1,313,018 shares, compared to its average volume of 1,467,827. 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 company has a market cap of $56.67 billion, a PE ratio of 43.61, a P/E/G ratio of 4.85 and a beta of 0.92. The business's 50 day simple moving average is $173.86 and its 200-day simple moving average is $163.48. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

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 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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company's revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced 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 of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is 128.08%.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DLR. Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Finally, Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.68.

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.