Federated Hermes Inc. Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Federated Hermes Inc. increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 49.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,931 shares of the real estate investment trust’s stock after purchasing an additional 2,307 shares during the period. Federated Hermes Inc.’s holdings in Digital Realty Trust were worth $1,054,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Digital Realty Trust by 2.0% in the 1st 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 acquiring an additional 951,567 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $107,372,000. Daiwa Securities Group Inc. lifted its holdings in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after buying an additional 678,165 shares in the last quarter. Kodai Capital Management LP purchased a new position in Digital Realty Trust in the 4th quarter valued at approximately $59,087,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Digital Realty Trust by 1,842.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 242,851 shares of the real estate investment trust’s stock worth $34,980,000 after acquiring an additional 230,351 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.1 %

Shares of DLR opened at $158.70 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The company has a market capitalization of $49.58 billion, a PE ratio of 44.08, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. The stock has a fifty day moving average of $152.15 and a two-hundred day moving average of $147.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. As a group, analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of 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 is available at this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DLR. Stifel Nicolaus lifted their target price on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Mizuho began coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $154.00.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.