Sumitomo Mitsui Trust Group Inc. Grows Stake in Digital Realty Trust, Inc. $DLR

Sumitomo Mitsui Trust Group Inc. lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.8% in the 2nd quarter, Holdings Channel reports. The fund owned 1,407,125 shares of the real estate investment trust’s stock after acquiring an additional 24,865 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Digital Realty Trust were worth $245,304,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $26,000. WPG Advisers LLC bought a new position in Digital Realty Trust during the 1st quarter valued at approximately $30,000. 1 North Wealth Services LLC bought a new position in Digital Realty Trust during the 1st quarter valued at approximately $31,000. Key Financial Inc increased its position in Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 138 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Digital Realty Trust during the 1st quarter valued at approximately $38,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE DLR opened at $179.62 on Friday. The company has a market capitalization of $61.26 billion, a PE ratio of 46.41, a price-to-earnings-growth ratio of 4.94 and a beta of 0.96. 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 business’s fifty day moving average is $170.66 and its 200 day moving average is $168.86. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released 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 for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Insider Activity

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

Analyst Upgrades and Downgrades

DLR has been the subject of a number of analyst reports. Moffett Nathanson raised their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a report on Friday. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price for the company in a report on Monday. Finally, Citigroup reissued a “buy” rating on shares of Digital Realty Trust in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.67.

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.