Stoneridge Investment Partners LLC Invests $360,000 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 position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,509 shares of the real estate investment trust's stock, valued at approximately $360,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the 1st quarter worth $26,000. Key Financial Inc grew its stake in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth $38,000. GKV Capital Management Co. Inc. bought a new position in shares of Digital Realty Trust during the 1st quarter worth $38,000. Finally, Grove Bank & Trust grew its stake in shares of Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several analyst reports. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Mizuho boosted their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Finally, Wells Fargo & Company boosted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Digital Realty Trust Stock Up 1.9%

Digital Realty Trust stock traded up $3.1570 during mid-day trading on Friday, hitting $166.9370. The company had a trading volume of 1,355,862 shares, compared to its average volume of 1,457,840. The company has a market capitalization of $56.93 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 4.71 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock's 50 day moving average price is $172.59 and its two-hundred day moving average price is $163.60.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm posted $1.65 earnings per share. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% 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.