Torray Investment Partners LLC Buys 4,011 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Torray Investment Partners LLC increased its holdings in Digital Realty Trust by 19.4%, now owning a total of 24,731 shares worth approximately $3.54 million.
• A variety of large investors have adjusted their positions in Digital Realty Trust, with Northern Trust Corp notably raising its stake by 57.5% during the last quarter.
• Digital Realty Trust’s latest quarterly earnings showed an EPS of $1.87, surpassing expectations, alongside a declared annualized dividend of $4.88, yielding 2.75%.

Torray Investment Partners LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,731 shares of the real estate investment trust's stock after buying an additional 4,011 shares during the quarter. Torray Investment Partners LLC's holdings in Digital Realty Trust were worth $3,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLR. Arkadios Wealth Advisors raised its position in Digital Realty Trust by 85.2% during the first quarter. Arkadios Wealth Advisors now owns 6,704 shares of the real estate investment trust's stock valued at $961,000 after purchasing an additional 3,085 shares in the last quarter. XTX Topco Ltd acquired a new stake in Digital Realty Trust in the first quarter valued at about $2,176,000. Banque Cantonale Vaudoise bought a new position in shares of Digital Realty Trust in the first quarter worth about $3,750,000. Federated Hermes Inc. grew its holdings in shares of Digital Realty Trust by 16.5% during the 1st quarter. Federated Hermes Inc. now owns 4,008 shares of the real estate investment trust's stock valued at $574,000 after purchasing an additional 569 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its position in Digital Realty Trust by 2.0% during the 1st quarter. Cozad Asset Management Inc. now owns 20,256 shares of the real estate investment trust's stock worth $2,902,000 after purchasing an additional 405 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DLR shares. Citigroup reiterated a "buy" rating and issued a $200.00 target price (up from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Mizuho increased their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Raymond James Financial lifted their target price on shares of 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. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, 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 for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.68.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Up 0.4%

DLR stock traded up $0.66 during mid-day trading on Monday, reaching $172.87. 506,130 shares of the company traded hands, compared to its average volume of 2,146,778. The stock has a market cap of $58.22 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 3.20 and a beta of 0.92. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm's 50 day moving average price is $174.33 and its 200 day moving average price is $163.83. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.65 earnings per share. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is presently 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.