Sumitomo Mitsui Trust Group Inc. Purchases 24,865 Shares of Digital Realty Trust, Inc. $DLR

Sumitomo Mitsui Trust Group Inc. raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,407,125 shares of the real estate investment trust’s stock after buying an additional 24,865 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.42% of Digital Realty Trust worth $245,304,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pacific Heights Asset Management LLC raised its stake in shares of Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock valued at $14,329,000 after buying an additional 25,000 shares during the period. Brown Advisory Inc. raised its stake in shares of Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after purchasing an additional 1,644 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock valued at $20,110,000 after purchasing an additional 12,289 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Digital Realty Trust by 71.2% during the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock valued at $3,873,000 after purchasing an additional 11,239 shares during the period. Finally, Sovran Advisors LLC grew its position in Digital Realty Trust by 58.9% during the first quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust’s stock worth $994,000 after buying an additional 2,444 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Trading Up 2.4%

Shares of DLR stock opened at $179.62 on Friday. The stock has a market capitalization of $61.26 billion, a PE ratio of 46.41, a P/E/G ratio of 4.94 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 business has a 50-day moving average of $170.66 and a 200 day moving average of $168.86. 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 issued its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.50% and a net margin of 23.67%.Digital Realty Trust’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.22 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio (DPR) is 128.08%.

Wall Street Analyst Weigh In

Several research firms recently commented on DLR. TD Cowen boosted their target price on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research report on Friday. Daiwa Capital Markets began coverage on Digital Realty Trust in a research report on Wednesday. They set a “buy” rating and a $210.00 target price for the company. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a report on Monday. Finally, Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $196.67.

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.