504,739 Shares in Digital Realty Trust, Inc. $DLR Bought by Strs Ohio

Strs Ohio bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the first quarter, HoldingsChannel reports. The fund bought 504,739 shares of the real estate investment trust’s stock, valued at approximately $72,324,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust during the first quarter worth $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust in the first quarter valued at $30,000. 1 North Wealth Services LLC acquired a new position in Digital Realty Trust in the first quarter valued at $31,000. Key Financial Inc boosted its stake in Digital Realty Trust by 114.0% in the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust in the first quarter valued at $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Barclays upped their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. 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. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus increased 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. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.74.

Digital Realty Trust Price Performance

DLR opened at $174.10 on Thursday. The company has a 50-day moving average of $170.42 and a 200-day moving average of $163.56. The company has a market capitalization of $59.38 billion, a P/E ratio of 45.70, a PEG ratio of 4.72 and a beta of 0.96. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. 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 (NYSE:DLR) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts expect 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 will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Digital Realty Trust Company 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.