SCS Capital Management LLC Takes $417,000 Position in Digital Realty Trust, Inc. $DLR

Key Points

• SCS Capital Management LLC has acquired a new position in Digital Realty Trust, Inc. with the purchase of 2,909 shares valued at approximately $417,000.
• Digital Realty Trust reported an earnings per share (EPS) of $1.87, exceeding estimates, and has set guidance for FY 2025 EPS between 7.150-7.250.
• The company has announced a quarterly dividend of $1.22 per share, with the ex-dividend date scheduled for September 15th.

SCS Capital Management LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,909 shares of the real estate investment trust's stock, valued at approximately $417,000.

A number of other institutional investors have also modified their holdings of the stock. Pacific Heights Asset Management LLC grew its holdings in Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares during the period. Vectors Research Management LLC grew its stake in shares of Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after purchasing an additional 2,930 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after purchasing an additional 21,598 shares during the period. Brown Advisory Inc. boosted its holdings in Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after buying an additional 1,644 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Digital Realty Trust by 9.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after buying an additional 12,289 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

NYSE DLR traded down $1.17 during mid-day trading on Friday, hitting $173.50. The stock had a trading volume of 1,341,254 shares, compared to its average volume of 1,551,391. The firm's 50 day moving average is $170.48 and its 200 day moving average is $163.80. 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 stock has a market capitalization of $59.17 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 4.99 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

DLR has been the subject of a number of analyst reports. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Bank of America began coverage on Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective on the stock. Barclays upped their target price on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Raymond James Financial lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Finally, Mizuho upped their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust 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.