Digital Realty Trust, Inc. $DLR Shares Purchased by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 504.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 96,533 shares of the real estate investment trust’s stock after purchasing an additional 80,571 shares during the quarter. IFP Advisors Inc’s holdings in Digital Realty Trust were worth $16,944,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Delta Capital Management LLC grew its position in Digital Realty Trust by 32.1% in the third quarter. Delta Capital Management LLC now owns 16,280 shares of the real estate investment trust’s stock worth $2,858,000 after acquiring an additional 3,960 shares during the period. Frank Rimerman Advisors LLC increased its stake in Digital Realty Trust by 1,706.7% during the third quarter. Frank Rimerman Advisors LLC now owns 79,821 shares of the real estate investment trust’s stock worth $14,011,000 after acquiring an additional 75,403 shares during the last quarter. Forbes J M & Co. LLP purchased a new stake in Digital Realty Trust in the third quarter valued at $200,000. JGP Global Gestao de Recursos Ltda. purchased a new stake in Digital Realty Trust in the third quarter valued at $1,806,000. Finally, Alpine Bank Wealth Management raised its position in Digital Realty Trust by 225.3% in the third quarter. Alpine Bank Wealth Management now owns 1,106 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 766 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction 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 sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. Barclays upped their price target on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Wells Fargo & Company raised Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $229.00 price objective on shares of Digital Realty Trust in a report on Monday, July 27th. Citigroup reaffirmed a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Finally, Truist Financial lowered their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.69.

Digital Realty Trust Stock Up 0.9%

Digital Realty Trust stock opened at $176.08 on Friday. The company has a market capitalization of $65.33 billion, a PE ratio of 85.48, a price-to-earnings-growth ratio of 3.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The firm has a 50 day moving average price of $185.05 and a 200 day moving average price of $187.15.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 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 firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company earned $1.87 earnings per share. The firm’s revenue for the quarter 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. Research analysts expect that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $1.22 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 236.89%.

Digital Realty Trust Profile

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.