Vanguard Group Inc. Has $7.51 Billion Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Vanguard Group Inc. increased its stake in Digital Realty Trust by 1.8%, now owning 52.38 million shares valued at approximately $7.51 billion.
• Digital Realty Trust reported a quarterly EPS of $1.87, exceeding analysts' expectations of $1.74, with revenues of $1.49 billion, a 10% increase year-over-year.
• The company recently declared a quarterly dividend of $1.22, representing an annualized yield of 2.9%, though it has a high payout ratio of 128.08%.

Vanguard Group Inc. lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,378,860 shares of the real estate investment trust's stock after purchasing an additional 925,674 shares during the period. Vanguard Group Inc. owned 15.55% of Digital Realty Trust worth $7,505,367,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DLR. Key Financial Inc lifted its position in shares of Digital Realty Trust by 114.0% during the first 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 in the last quarter. Opal Wealth Advisors LLC bought a new stake in Digital Realty Trust in the first quarter worth about $38,000. Grove Bank & Trust raised its position in Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the period. Alpine Bank Wealth Management bought a new stake in Digital Realty Trust in the first quarter worth about $49,000. Finally, Adirondack Trust Co. raised its position in Digital Realty Trust by 40.8% in the first quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 102 shares during the period. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. 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. Finally, Oppenheimer began coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.68.

Digital Realty Trust Price Performance

DLR stock opened at $169.36 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 1.92. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock has a market cap of $57.76 billion, a PE ratio of 44.45, a P/E/G ratio of 3.20 and a beta of 0.92. The firm has a 50 day simple moving average of $174.44 and a two-hundred day simple moving average of $163.89.

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 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal 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 paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's payout ratio is currently 128.08%.

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 that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.

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