Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Raised by US Bancorp DE

Key Points

• US Bancorp DE has increased its holdings in Digital Realty Trust by 0.8%, owning approximately 201,887 shares worth $28,930,000 at the end of the 1st quarter.
• Analysts have set a new average price target of $190.68 for Digital Realty Trust, with most ratings being "buy" or "hold".
• Digital Realty Trust announced a quarterly dividend of $1.22, yielding 2.8%, with a notably high dividend payout ratio of 128.08%.

US Bancorp DE increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 201,887 shares of the real estate investment trust's stock after purchasing an additional 1,556 shares during the period. US Bancorp DE owned approximately 0.06% of Digital Realty Trust worth $28,930,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DLR. Northern Trust Corp increased its stake in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Digital Realty Trust by 66.6% during the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after purchasing an additional 1,232,043 shares during the period. GAMMA Investing LLC lifted its position in Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after purchasing an additional 1,123,018 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $182,126,000. Finally, Pictet Asset Management Holding SA grew its holdings in Digital Realty Trust by 41.5% in the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock valued at $448,422,000 after purchasing an additional 918,549 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the topic of a number of analyst reports. JMP Securities reiterated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Scotiabank dropped their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Oppenheimer initiated coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target for the company. Barclays increased their price objective on shares of Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Finally, Mizuho increased their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $190.68.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Down 1.6%

NYSE DLR traded down $2.81 during mid-day trading on Wednesday, reaching $169.36. 1,285,411 shares of the company's stock traded hands, compared to its average volume of 2,139,309. The company has a fifty day simple moving average of $174.44 and a 200-day simple moving average of $163.85. The company has a market cap of $57.76 billion, a price-to-earnings ratio of 44.45, a P/E/G ratio of 3.21 and a beta of 0.92. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.65 EPS. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is 128.08%.

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.