Key Points
- Director Mark Patterson sold 200 Digital Realty shares at an average price of $193.96, generating $38,792 and reducing his direct stake by 3.07% to 6,322 shares.
- Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but EPS of $1.21 fell short of the $1.98 consensus estimate. The company maintained quarterly dividends of $1.22 per share, representing a 2.6% annualized yield.
- Wall Street remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $219.45; institutional investors own 99.71% of outstanding shares.
Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) Director Mark Patterson sold 200 shares of the firm's stock in a transaction that occurred 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 sale, the director directly owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Digital Realty Trust Stock Performance
NYSE:DLR opened at $186.06 on Tuesday. 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 twelve month low of $146.23 and a twelve month high of $208.14. The company has a fifty day moving average of $186.97 and a 200-day moving average of $186.44. The firm has a market capitalization of $69.03 billion, a P/E ratio of 90.32, a P/E/G ratio of 5.26 and a beta of 1.03.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its 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 company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The firm's revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's dividend payout ratio is 236.89%.
Institutional Investors Weigh In On Digital Realty Trust
A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Bison Wealth LLC raised its stake 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 valued at $471,000 after buying an additional 390 shares during the period. Empowered Funds LLC grew its stake in shares of Digital Realty Trust by 9.4% during the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust's stock worth $972,000 after acquiring an additional 584 shares during the period. NewEdge Advisors LLC grew its stake in shares of 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 worth $3,790,000 after acquiring 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% in the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust's stock worth $27,469,000 after acquiring an additional 5,909 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in Digital Realty Trust by 0.8% in 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 acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on DLR. Cantor Fitzgerald boosted their target price on Digital Realty Trust from $211.00 to $221.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Barclays boosted their price objective on Digital Realty Trust from $189.00 to $197.00 and gave the company an "equal weight" rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $219.45.
View Our Latest Research Report on DLR
About Digital Realty Trust
(
Get Free Report)
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.
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