Stoneridge Investment Partners LLC Acquires New Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Stoneridge Investment Partners LLC has acquired a new position in Digital Realty Trust, Inc., purchasing 2,509 shares valued at about $360,000.
• Digital Realty Trust recently reported earnings of $1.87 per share, exceeding analysts' expectations and showing a year-over-year revenue increase of 10%.
• The company declared a quarterly dividend of $1.22 per share, resulting in an annualized dividend yield of 2.9%.

Stoneridge Investment Partners LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,509 shares of the real estate investment trust's stock, valued at approximately $360,000.

A number of other institutional investors have also recently made changes to their positions in DLR. Nuveen LLC bought a new position in shares of Digital Realty Trust in the 1st quarter valued at about $342,389,000. Northern Trust Corp lifted its holdings in shares of Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after acquiring an additional 1,854,748 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Digital Realty Trust by 66.6% in the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after acquiring an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after acquiring an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Digital Realty Trust in the 4th quarter valued at about $182,126,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DLR. 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. Raymond James Financial raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Bank of America assumed coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective on the stock. Oppenheimer assumed coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. Finally, New Street Research upgraded Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Trading Down 0.8%

Shares of NYSE:DLR traded down $1.35 during trading on Monday, reaching $165.71. 275,544 shares of the company were exchanged, compared to its average volume of 2,069,559. The firm has a market capitalization of $56.52 billion, a PE ratio of 43.52, a P/E/G ratio of 4.80 and a beta of 0.92. The business's fifty day simple moving average is $172.59 and its 200-day simple moving average is $163.54. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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. The business had revenue of $1.49 billion for 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current 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 given 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 dividend payout ratio (DPR) 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 that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.17% of the company's stock.

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.