Samalin Investment Counsel LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,071 shares of the real estate investment trust's stock, valued at approximately $297,000.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after purchasing an additional 925,674 shares during the period. Northern Trust Corp raised its holdings in shares of Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock worth $759,609,000 after purchasing an additional 220,649 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Digital Realty Trust by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock worth $854,661,000 after purchasing an additional 492,692 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Digital Realty Trust by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock worth $675,456,000 after purchasing an additional 57,312 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock valued at $586,414,000 after buying an additional 186,613 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently commented on DLR. Bank of America initiated coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Barclays lifted their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Guggenheim began coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.74.
Get Our Latest Stock Report on Digital Realty Trust
Digital Realty Trust Stock Performance
DLR stock traded down $0.83 during trading on Friday, reaching $167.74. 1,628,366 shares of the company's stock were exchanged, compared to its average volume of 1,407,194. 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 company's fifty day moving average price is $171.79 and its 200-day moving average price is $163.64. The firm has a market cap of $57.21 billion, a PE ratio of 44.03, a P/E/G ratio of 4.85 and a beta of 0.92.
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 earnings per share (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 company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm'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, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's payout ratio is currently 128.08%.
Insider Activity at Digital Realty Trust
In other 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 owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.
Digital Realty Trust Profile
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Free Report)
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.
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