Intech Investment Management LLC Acquires 52,915 Shares of Digital Realty Trust, Inc. $DLR

Intech Investment Management LLC lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3,127.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 54,607 shares of the real estate investment trust’s stock after buying an additional 52,915 shares during the quarter. Intech Investment Management LLC’s holdings in Digital Realty Trust were worth $7,825,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board grew its holdings 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 valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the last quarter. Nuveen LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter valued at $342,389,000. GAMMA Investing LLC raised its holdings in 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 worth $162,080,000 after buying an additional 1,123,018 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Digital Realty Trust in the 4th quarter worth $182,126,000. Finally, Vanguard Group Inc. grew its position in Digital Realty Trust by 1.8% during the first 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 buying an additional 925,674 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-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 report on Sunday, June 1st. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company boosted 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. Finally, Bank of America began coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They set a “buy” rating and a $210.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.74.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $174.66 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The stock’s fifty day moving average is $170.46 and its 200 day moving average is $163.67. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a market capitalization of $59.57 billion, a PE ratio of 45.84, a PEG ratio of 5.00 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.08%.

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.