Strs Ohio Buys Shares of 504,739 Digital Realty Trust, Inc. $DLR

Key Points

• Strs Ohio acquired 504,739 shares of Digital Realty Trust, Inc., valued at approximately $72.32 million, representing about 0.15% of the company's stock.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, exceeding analyst expectations of $1.74, and announced a $1.22 quarterly dividend.
• Analysts have a Moderate Buy rating for Digital Realty Trust with an average price target of $190.74, citing a mix of ratings from Strong Buy to Sell.

Strs Ohio acquired a new stake 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 acquired 504,739 shares of the real estate investment trust's stock, valued at approximately $72,324,000. Strs Ohio owned about 0.15% of Digital Realty Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at $26,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at $30,000. 1 North Wealth Services LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at $31,000. Key Financial Inc lifted its holdings 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 valued at $37,000 after purchasing an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Truist Financial set a $199.00 target price on Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Mizuho lifted their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Guggenheim assumed coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating for the company. Finally, Stifel Nicolaus raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $190.74.

Digital Realty Trust Trading Up 6.2%

DLR opened at $174.10 on Thursday. The firm has a market capitalization of $59.38 billion, a price-to-earnings ratio of 45.70, a price-to-earnings-growth ratio of 4.72 and a beta of 0.96. 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 company's 50 day simple moving average is $170.42 and its two-hundred day simple moving average is $163.56. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its 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 company had revenue of $1.49 billion for the quarter, compared to analyst estimates 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 company earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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%.

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.

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