Fort Washington Investment Advisors Inc. OH bought a new position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 33,898 shares of the real estate investment trust’s stock, valued at approximately $5,950,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at $7,277,032,000. Bank of America Corp DE lifted its stake in shares of Digital Realty Trust by 6.0% during the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock worth $1,706,714,000 after purchasing an additional 534,158 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Digital Realty Trust during the second quarter worth $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 purchasing an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Digital Realty Trust by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust’s stock worth $874,046,000 after purchasing an additional 35,850 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Digital Realty Trust
In other news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on 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 sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by insiders.
Digital Realty Trust Stock Performance
Shares of DLR stock opened at $174.23 on Friday. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. 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 company has a 50 day moving average price of $185.40 and a 200 day moving average price of $187.23. The firm has a market capitalization of $64.64 billion, a price-to-earnings ratio of 84.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.
Digital Realty Trust (NYSE:DLR – Get Free Report) 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 company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued 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 was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is presently 236.89%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on DLR shares. Argus raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research report on Wednesday, August 5th. Weiss Ratings downgraded Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Truist Financial reduced their target price on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $229.00 price target on shares of Digital Realty Trust in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $219.69.
Check Out Our Latest Report on Digital Realty Trust
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.
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