7,046 Digital Realty Trust, Inc. $DLR Shares Bought by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 7,046.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,146 shares of the real estate investment trust’s stock after acquiring an additional 7,046 shares during the quarter. Elevation Wealth Partners LLC’s holdings in Digital Realty Trust were worth $1,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Canandaigua National Trust Co of Florida bought a new stake in Digital Realty Trust during the 3rd quarter worth about $2,888,000. Canandaigua National Bank & Trust Co. lifted its position in shares of Digital Realty Trust by 317.4% during the third quarter. Canandaigua National Bank & Trust Co. now owns 81,466 shares of the real estate investment trust’s stock worth $14,300,000 after purchasing an additional 61,950 shares in the last quarter. Bath Savings Trust Co acquired a new position in shares of Digital Realty Trust during the third quarter worth approximately $189,000. Rye Brook Capital LLC bought a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $55,000. Finally, Benedict Financial Advisors Inc. increased its holdings in shares of Digital Realty Trust by 4.3% in the third quarter. Benedict Financial Advisors Inc. now owns 17,927 shares of the real estate investment trust’s stock valued at $3,147,000 after purchasing an additional 734 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLR has been the topic of several research reports. HSBC reduced their price objective on Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. BTIG Research raised their price target on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Truist Financial lowered their price objective on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $192.00 to $222.00 in a report on Friday, July 24th. One investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $219.69.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction that occurred 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 sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 2.3%

DLR traded down $4.24 during trading on Wednesday, hitting $180.41. The company had a trading volume of 1,771,722 shares, compared to its average volume of 2,333,379. The company has a market capitalization of $66.93 billion, a PE ratio of 87.58, a PEG ratio of 3.45 and a beta of 0.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The firm’s 50-day moving average price is $187.33 and its 200 day moving average price is $187.17.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates 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 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. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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