Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Position in Digital Realty Trust, Inc. $DLR

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 23.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,200 shares of the real estate investment trust’s stock after purchasing an additional 10,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Digital Realty Trust were worth $9,797,000 at the end of the most recent quarter.

Other hedge funds and 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 first quarter worth approximately $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust in the first quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust in the first quarter worth approximately $31,000. AlphaQuest LLC lifted its stake in shares of Digital Realty Trust by 163.5% in the second quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 121 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Digital Realty Trust in the second quarter worth approximately $35,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley began coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 target price on the stock. Loop Capital set a $205.00 price objective on shares of Digital Realty Trust in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Finally, Cowen restated a “hold” rating on shares of Digital Realty Trust in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.52.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction 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 filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Down 2.1%

Shares of DLR stock opened at $174.31 on Wednesday. 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 cap of $59.45 billion, a P/E ratio of 45.04, a P/E/G ratio of 4.40 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of $171.09 and a two-hundred day simple moving average of $169.70.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

About Digital Realty Trust

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.