Delta Capital Management LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 32.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,280 shares of the real estate investment trust’s stock after buying an additional 3,960 shares during the quarter. Digital Realty Trust comprises about 0.9% of Delta Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Delta Capital Management LLC’s holdings in Digital Realty Trust were worth $2,858,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Digital Realty Trust in the second quarter worth about $7,277,032,000. Bank of America Corp DE increased its holdings in 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 valued at $1,706,714,000 after purchasing an additional 534,158 shares during the period. Canada Pension Plan Investment Board bought a new position in Digital Realty Trust during the 2nd quarter valued at approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Digital Realty Trust by 17,256.9% during the 2nd 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 valued at $878,325,000 after purchasing an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Digital Realty Trust by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust’s stock worth $874,046,000 after buying an additional 35,850 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $229.00 price objective on shares of Digital Realty Trust in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted their target price 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. Evercore restated an “outperform” rating and set a $240.00 target price on shares of Digital Realty Trust in a report on Tuesday, August 18th. Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $219.69.
Check Out Our Latest Research Report on DLR
Insider Buying and Selling at Digital Realty Trust
In other news, Director Mark Patterson sold 200 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value 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. This represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.
Digital Realty Trust Price Performance
Shares of NYSE DLR opened at $176.08 on Friday. 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. The company’s 50-day moving average is $185.05 and its 200 day moving average is $187.15. The stock has a market capitalization of $65.33 billion, a P/E ratio of 85.48, a P/E/G ratio of 3.37 and a beta of 0.99.
Digital Realty Trust (NYSE:DLR – Get Free Report) 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 analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the company earned $1.87 earnings per share. Digital Realty Trust’s quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current year.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio is 236.89%.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.
Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.
Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.
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