Van Lanschot Kempen Investment Management N.V. Raises Position in Digital Realty Trust, Inc. $DLR

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in Digital Realty Trust by 242.9%, amounting to approximately $12.52 million in holdings, after acquiring additional shares in Q1.
• Numerous analysts have raised their price targets for Digital Realty Trust stock, with Jefferies Financial Group setting a new target of $193.00, reflecting strong confidence in the REIT's performance.
• Digital Realty Trust has announced a quarterly dividend of $1.22 per share, leading to an annualized yield of 2.9%, though the payout ratio stands at 128.08%.

Van Lanschot Kempen Investment Management N.V. lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 242.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,362 shares of the real estate investment trust's stock after buying an additional 61,884 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Digital Realty Trust were worth $12,518,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after buying an additional 925,674 shares in the last quarter. Northern Trust Corp raised its holdings in Digital Realty Trust by 4.3% during the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock worth $759,609,000 after purchasing an additional 220,649 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Digital Realty Trust by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock worth $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust's stock worth $675,456,000 after purchasing an additional 57,312 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Digital Realty Trust by 4.8% during the first quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust's stock worth $586,414,000 after purchasing an additional 186,613 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated 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 owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded down $1.39 during trading on Monday, reaching $165.67. The company had a trading volume of 227,486 shares, compared to its average volume of 2,069,314. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market capitalization of $56.50 billion, a PE ratio of 43.46, a price-to-earnings-growth ratio of 4.80 and a beta of 0.92. The stock has a 50-day moving average price of $172.59 and a two-hundred day moving average price of $163.54. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business'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, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.22 dividend. 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 is presently 128.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Citigroup reaffirmed a "buy" rating and set a $200.00 price objective (up from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Barclays lifted their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $190.74.

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.