Digital Realty Trust, Inc. $DLR Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Digital Realty Trust by 1.5%, bringing their total holdings to 142,388 shares valued at approximately $24.8 million.
• CEO Andrew Power sold 53,269 shares of Digital Realty Trust, valued at roughly $9.3 million, in a recent transaction.
• Digital Realty Trust recently announced a quarterly dividend of $1.22 per share, with a dividend yield of 2.9%, reflecting a payout ratio of 128.08%.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,388 shares of the real estate investment trust's stock after buying an additional 2,041 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Digital Realty Trust were worth $24,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. bought a new position in Digital Realty Trust in the first quarter valued at approximately $26,000. WPG Advisers LLC acquired a new position in shares of Digital Realty Trust during the first quarter worth $30,000. 1 North Wealth Services LLC acquired a new stake in Digital Realty Trust during the 1st quarter worth approximately $31,000. Key Financial Inc increased its position in 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 period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at $38,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded up $3.33 on Monday, hitting $175.41. The stock had a trading volume of 569,735 shares, compared to its average volume of 2,037,501. The company's 50 day moving average price is $170.71 and its 200 day moving average price is $164.48. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market cap of $59.82 billion, a price-to-earnings ratio of 46.09, a P/E/G ratio of 4.95 and a beta of 0.96.

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 the consensus estimate 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 net margin of 23.98% and a return on equity of 6.46%. The business's revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. 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 paid a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Raymond James Financial upped 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. Stifel Nicolaus increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $190.74.

Insider Transactions at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

About Digital Realty Trust

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.