Sarasin & Partners LLP Takes Position in Digital Realty Trust, Inc. $DLR

Key Points

• Sarasin & Partners LLP has initiated a new investment in Digital Realty Trust, purchasing 31,974 shares valued at approximately $5.57 million.
• Digital Realty Trust's quarterly earnings surpassed expectations with earnings per share of $1.87 against an estimated $1.74, reflecting a 10% revenue increase year-over-year.
• The company's dividend payout has been set at $1.22 for the upcoming payment date, which translates to an annual yield of 2.8%.

Sarasin & Partners LLP bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,974 shares of the real estate investment trust's stock, valued at approximately $5,574,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Radnor Capital Management LLC purchased a new stake in Digital Realty Trust in the second quarter valued at $218,000. Pines Wealth Management LLC raised its position in Digital Realty Trust by 6.3% in the second quarter. Pines Wealth Management LLC now owns 3,685 shares of the real estate investment trust's stock valued at $636,000 after purchasing an additional 217 shares during the period. Fiduciary Alliance LLC purchased a new stake in Digital Realty Trust in the second quarter valued at $837,000. Czech National Bank raised its position in Digital Realty Trust by 6.5% in the second quarter. Czech National Bank now owns 77,384 shares of the real estate investment trust's stock valued at $13,490,000 after purchasing an additional 4,734 shares during the period. Finally, Dover Advisors LLC raised its position in Digital Realty Trust by 5.8% in the second quarter. Dover Advisors LLC now owns 1,838 shares of the real estate investment trust's stock valued at $320,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Raymond James Financial upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Mizuho upped their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Guggenheim initiated coverage on Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating on the stock. Finally, Wells Fargo & Company upped 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. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $190.74.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Up 0.6%

Shares of NYSE:DLR traded up $1.07 during midday trading on Friday, reaching $172.43. The company's stock had a trading volume of 3,146,544 shares, compared to its average volume of 1,574,735. The firm has a market cap of $58.81 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 4.93 and a beta of 0.96. 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 business has a 50 day moving average price of $170.71 and a 200 day moving average price of $164.32.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's payout ratio is 128.08%.

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.