Digital Realty Trust, Inc. $DLR Stake Raised by Presima Securities ULC

Presima Securities ULC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1,951.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,965 shares of the real estate investment trust’s stock after acquiring an additional 161,679 shares during the quarter. Digital Realty Trust accounts for approximately 5.4% of Presima Securities ULC’s investment portfolio, making the stock its 8th biggest holding. Presima Securities ULC’s holdings in Digital Realty Trust were worth $24,354,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DLR. Bison Wealth LLC boosted its stake in shares of Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares in the last quarter. Cresset Asset Management LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth about $712,000. Colonial Trust Co SC raised its position in shares of Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 72 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Digital Realty Trust by 3.8% during the 4th quarter. EP Wealth Advisors LLC now owns 4,703 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 170 shares during the last quarter. Finally, Ethic Inc. raised its position in shares of Digital Realty Trust by 7.9% during the 4th quarter. Ethic Inc. now owns 31,633 shares of the real estate investment trust’s stock worth $5,609,000 after purchasing an additional 2,312 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $163.25 on Friday. The firm has a 50 day simple moving average of $170.79 and a 200-day simple moving average of $163.57. 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 current ratio of 2.22 and a quick ratio of 2.22. The stock has a market cap of $55.68 billion, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 4.69 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating 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 business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The business’s revenue for the quarter 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. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 128.08%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DLR. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. 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. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.