Montecito Bank & Trust Purchases 18,450 Shares of Digital Realty Trust, Inc. $DLR

Montecito Bank & Trust boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 413.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,915 shares of the real estate investment trust’s stock after purchasing an additional 18,450 shares during the period. Montecito Bank & Trust’s holdings in Digital Realty Trust were worth $4,022,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cherry Creek Investment Advisors Inc. boosted its position in Digital Realty Trust by 0.3% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock worth $3,378,000 after buying an additional 51 shares during the period. Columbia Bank increased its position in Digital Realty Trust by 0.9% in the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock valued at $1,111,000 after acquiring an additional 53 shares during the period. GHP Investment Advisors Inc. increased its position in Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 55 shares during the period. South Plains Financial Inc. raised its stake in shares of Digital Realty Trust by 25.7% during the fourth quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of Digital Realty Trust by 1.3% during the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 56 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the sale, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DLR has been the subject of several analyst reports. HSBC lowered their target price on Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Rothschild & Co Redburn began coverage on Digital Realty Trust in a research note on Monday, September 21st. They issued a “buy” rating and a $227.00 price target for the company. BTIG Research raised their price objective on Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Royal Bank Of Canada lifted their price objective on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $219.69.

Digital Realty Trust Stock Up 0.5%

Shares of DLR stock traded up $0.90 on Thursday, reaching $176.43. 1,930,862 shares of the company were exchanged, compared to its average volume of 2,346,524. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50-day moving average of $188.44 and a 200-day moving average of $187.17. The company has a market cap of $65.46 billion, a price-to-earnings ratio of 85.65, a PEG ratio of 3.38 and a beta of 1.02. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is presently 236.89%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.