OFI Invest Asset Management Increases Stake in Digital Realty Trust, Inc. $DLR

OFI Invest Asset Management grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 79.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 720 shares of the real estate investment trust’s stock after buying an additional 318 shares during the quarter. OFI Invest Asset Management’s holdings in Digital Realty Trust were worth $126,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 buying an additional 925,674 shares during the last quarter. Canada Pension Plan Investment Board grew 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 during the period. Northern Trust Corp grew its stake in shares of Digital Realty Trust by 4.3% during the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock worth $759,609,000 after purchasing an additional 220,649 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after purchasing an additional 57,312 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Digital Realty Trust by 4.8% during the 1st quarter. Invesco Ltd. now owns 4,092,496 shares of the real estate investment trust’s stock worth $586,414,000 after purchasing an additional 186,613 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of recent analyst reports. 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 note on Friday, July 25th. Raymond James Financial upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating on the stock. Mizuho upped their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 17th. Finally, Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $191.05.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $168.62 on Monday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market capitalization of $57.51 billion, a P/E ratio of 44.26, a P/E/G ratio of 4.75 and a beta of 0.96. The firm’s 50-day moving average is $169.81 and its two-hundred day moving average is $166.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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. The business 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%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period 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 analysts predict 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 was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.