Digital Realty Trust, Inc. $DLR Shares Bought by Thematics Asset Management

Key Points

• Thematics Asset Management increased its stake in Digital Realty Trust by 9.6%, acquiring an additional 14,794 shares, bringing its total ownership to 168,794 shares worth $24.2 million.
• Digital Realty Trust recently reported earnings of $1.87 per share, exceeding expectations, with revenue of $1.49 billion for the quarter—a 10% year-over-year increase.
• The company announced a dividend of $1.22 per share, scheduled for payment on September 30th, with a current payout ratio of 128.08%.

Thematics Asset Management increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 168,794 shares of the real estate investment trust's stock after purchasing an additional 14,794 shares during the period. Digital Realty Trust makes up approximately 1.2% of Thematics Asset Management's investment portfolio, making the stock its 27th largest position. Thematics Asset Management owned 0.05% of Digital Realty Trust worth $24,186,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pacific Heights Asset Management LLC boosted its position in shares of Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after purchasing an additional 25,000 shares during the period. Vectors Research Management LLC boosted its position in Digital Realty Trust by 15.8% in the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after buying an additional 2,930 shares during the period. Asset Management One Co. Ltd. boosted its position in Digital Realty Trust by 3.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after buying an additional 21,598 shares during the period. Brown Advisory Inc. boosted its position in Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after buying an additional 1,644 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Digital Realty Trust by 9.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after buying an additional 12,289 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Up 1.2%

NYSE:DLR traded up $2.07 during midday trading on Wednesday, hitting $169.99. 1,346,364 shares of the company were exchanged, compared to its average volume of 1,443,927. The company has a fifty day simple moving average of $172.23 and a 200 day simple moving average of $163.56. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two 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 company has a market capitalization of $57.97 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 4.83 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly 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. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $1.65 EPS. Digital Realty Trust's revenue for the quarter 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, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.08%.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Barclays raised their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a research report on Wednesday, August 20th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Mizuho raised their price target on shares of 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, Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $190.74.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction 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 sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.