VIRGINIA RETIREMENT SYSTEMS ET Al Invests $24.21 Million in Digital Realty Trust, Inc. $DLR

Key Points

• The Virginia Retirement Systems invested approximately $24.21 million in Digital Realty Trust, Inc., acquiring 138,870 shares during Q2.
• Digital Realty reported $1.87 EPS for the last quarter, exceeding estimates, with a 10% year-over-year revenue increase.
• The firm announced a quarterly dividend of $1.22 per share, reflecting an annualized dividend yield of 2.8%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 138,870 shares of the real estate investment trust's stock, valued at approximately $24,209,000.

A number of other hedge funds have also modified their holdings of DLR. Canada Pension Plan Investment Board increased its stake in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Nuveen LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $342,389,000. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Digital Realty Trust by 41.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after acquiring an additional 918,549 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust's stock worth $431,256,000 after acquiring an additional 816,334 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.6%

Shares of DLR opened at $172.94 on Monday. The firm has a market cap of $58.98 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 4.86 and a beta of 0.96. The company's fifty day moving average is $170.01 and its two-hundred day moving average is $167.98. 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 quick ratio of 2.22, 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 for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Analysts forecast 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 was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Moffett Nathanson lifted their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research note on Thursday. They issued an "equal weight" rating and a $195.00 target price for the company. Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wolfe Research raised shares of Digital Realty Trust to an "outperform" rating in a research note on Monday. Finally, Stifel Nicolaus lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $191.25.

Insider Buying and Selling at Digital Realty Trust

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

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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