23,617 Digital Realty Trust, Inc. $DLR Shares Acquired by Wedmont Private Capital

Wedmont Private Capital boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 490.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,437 shares of the real estate investment trust’s stock after buying an additional 23,617 shares during the period. Wedmont Private Capital’s holdings in Digital Realty Trust were worth $4,992,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $7,277,032,000. Cohen & Steers Inc. boosted its stake in Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. Bank of America Corp DE grew its holdings in Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after buying an additional 534,158 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Digital Realty Trust during the 2nd quarter worth $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Digital Realty Trust by 17,256.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock worth $878,325,000 after buying an additional 4,862,814 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLR. Citigroup reaffirmed a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. BTIG Research lifted their price objective on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $229.00 target price on shares of Digital Realty Trust in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $219.69.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded up $2.22 on Friday, reaching $178.29. 484,312 shares of the stock were exchanged, compared to its average volume of 2,324,897. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $66.15 billion, a PE ratio of 86.45, a P/E/G ratio of 3.46 and a beta of 0.99. The firm’s 50 day moving average is $186.99 and its 200-day moving average is $187.19. 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 issued its 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). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $1.87 EPS. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s payout ratio is currently 236.89%.

Digital Realty Trust 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.