Global X Japan Co. Ltd. Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

VaselineSeptember 11, 2024

0 4 minutes read

Global X Japan Co. Ltd. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 773 shares of the real estate investment trust’s stock, valued at approximately $118,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after buying an additional 951,567 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $2,141,890,000. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 4.0% in the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock valued at $674,143,000 after purchasing an additional 182,100 shares in the last quarter. Centersquare Investment Management LLC grew its stake in Digital Realty Trust by 1.3% in the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock valued at $360,858,000 after buying an additional 34,516 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Digital Realty Trust by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock valued at $357,518,000 after purchasing an additional 60,821 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s shares.

Insider activity at Digital Realty Trust

In related news, Director Jean FHP Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust stock rose 5.0%

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Shares of Digital Realty Trust stock opened at $156.76 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78, and a debt-to-equity ratio of 0.81. The company’s 50-day simple moving average is $151.38, and its 200-day simple moving average is $146.59. The stock has a market cap of $48.98 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 4.73 and a beta of 0.60. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58.

Digital Realty Trust (NYSE:DLR – Get Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company’s revenue for the quarter was down 0.7% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $1.68. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.22 dividend. This represents an annualized dividend of $4.88 and a yield of 3.11%. The ex-dividend date is Friday, September 13. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Analysts set new price targets

A number of research analysts recently commented on DLR shares. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $175.00 in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Barclays boosted their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $144.00 to $170.00 in a report on Wednesday, June 26. Finally, Stifel Nicolaus boosted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $154.00, according to MarketBeat.com.

Read our latest report on DLR

Digital Realty Trust Profile

(Free Report)

Digital Realty brings businesses and data together by providing the full spectrum of data center, colocation and interconnect solutions. PlatformDIGITAL, the company’s global data center platform, provides customers with a secure meeting place for data and a proven Pervasive Datacenter Architecture (PDx) solution methodology to drive innovation and effectively manage Data Gravity challenges.