Commerce Bank Takes $1.84 Million Position in Digital Realty Trust, Inc. $DLR

Commerce Bank purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,256 shares of the real estate investment trust’s stock, valued at approximately $1,842,000.

Other hedge funds have also added to or reduced their stakes in the company. Bison Wealth LLC grew its holdings in shares of Digital Realty Trust by 17.2% in the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Digital Realty Trust by 9.4% in the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 584 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Digital Realty Trust by 23.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $3,790,000 after purchasing an additional 4,069 shares during the period. Treasurer of the State of North Carolina increased its holdings in Digital Realty Trust by 3.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock valued at $27,469,000 after purchasing an additional 5,909 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in Digital Realty Trust by 0.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock valued at $4,816,000 after purchasing an additional 231 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DLR shares. Truist Financial dropped their price target on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Argus upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a report on Wednesday, August 5th. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Finally, Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $219.45.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $192.20 on Wednesday. The company has a market capitalization of $71.30 billion, a PE ratio of 93.30, a PEG ratio of 5.34 and a beta of 1.03. The business has a fifty day moving average price of $187.01 and a 200-day moving average price of $185.90. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business’s revenue for the quarter 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. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s payout ratio is presently 236.89%.

Digital Realty Trust Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.