Woodline Partners LP Purchases 310,002 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Woodline Partners LP increased its ownership in Digital Realty Trust by 2,116.2% in Q1, acquiring 310,002 shares to reach a total of 324,651 shares valued at approximately $46.5 million.
• Digital Realty Trust recently reported $1.87 EPS for Q2, surpassing analysts' expectations, and projected an EPS guidance for FY 2025 of 7.150-7.250.
• The trust's upcoming quarterly dividend is set at $1.22 per share, resulting in an annualized yield of 3.0%, with a payout ratio currently at 128.08%.

Woodline Partners LP grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2,116.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,651 shares of the real estate investment trust's stock after purchasing an additional 310,002 shares during the period. Woodline Partners LP owned about 0.10% of Digital Realty Trust worth $46,519,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DLR. Canada Pension Plan Investment Board lifted its position 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 buying an additional 2,760,286 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $342,389,000. GAMMA Investing LLC increased its position in shares of Digital Realty Trust by 13,842.2% during 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 acquiring an additional 1,123,018 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Digital Realty Trust in the fourth quarter worth $182,126,000. Finally, Vanguard Group Inc. grew its stake in Digital Realty Trust by 1.8% in the 1st 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 purchasing an additional 925,674 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $161.23 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The stock has a market cap of $54.99 billion, a PE ratio of 42.32, a price-to-earnings-growth ratio of 4.69 and a beta of 0.96. The stock has a fifty day moving average of $170.53 and a 200-day moving average of $163.48.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 3.0%. Digital Realty Trust's payout ratio is currently 128.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several research reports. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Mizuho upped their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.74.

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.

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