25,301 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Acquired by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP acquired 25,301 shares of Digital Realty Trust, valued at approximately $3.6 million, indicating a significant investment in the company during the first quarter.
• Digital Realty Trust reported a 12-month revenue increase of 10% year-over-year, with quarterly earnings per share beating analyst estimates by $0.13.
• The company declared a quarterly dividend of $1.22 per share, reflecting a high dividend payout ratio of 456.07% amid a 2.71% dividend yield.

Stevens Capital Management LP acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 25,301 shares of the real estate investment trust's stock, valued at approximately $3,625,000.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Proficio Capital Partners LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at approximately $217,000. Virtu Financial LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at approximately $210,000. LPL Financial LLC lifted its stake in Digital Realty Trust by 20.9% in the 4th quarter. LPL Financial LLC now owns 254,370 shares of the real estate investment trust's stock valued at $45,107,000 after acquiring an additional 44,001 shares in the last quarter. TIAA Trust National Association lifted its stake in Digital Realty Trust by 29.2% in the 4th quarter. TIAA Trust National Association now owns 1,660 shares of the real estate investment trust's stock valued at $294,000 after acquiring an additional 375 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Digital Realty Trust by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 705,529 shares of the real estate investment trust's stock valued at $128,223,000 after acquiring an additional 44,127 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DLR shares. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Guggenheim started coverage on Digital Realty Trust in a report on Wednesday, July 9th. They issued a "neutral" rating on the stock. Scotiabank decreased their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Oppenheimer assumed coverage on Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Finally, JMP Securities reissued a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $189.89.

Digital Realty Trust Trading Up 1.1%

Digital Realty Trust stock traded up $1.97 during trading hours on Tuesday, hitting $177.69. The stock had a trading volume of 703,529 shares, compared to its average volume of 2,163,183. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market cap of $59.84 billion, a price-to-earnings ratio of 46.64, a P/E/G ratio of 2.62 and a beta of 0.95. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The business's 50 day simple moving average is $173.72 and its 200-day simple moving average is $163.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.75%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

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.