57,321 Shares in Digital Realty Trust, Inc. $DLR Purchased by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. purchased 57,321 shares of Digital Realty Trust in the second quarter, valued at approximately $10.3 million. Institutional investors collectively own 99.71% of the REIT’s outstanding shares.
• Analysts remain broadly bullish, with Digital Realty receiving a consensus “Moderate Buy” rating and an average price target of $219.45. Several firms recently raised their ratings or targets.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, although earnings per share missed estimates. The company declared a quarterly dividend of $1.22, representing a 2.6% annualized yield.

Cibc World Market Inc. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,321 shares of the real estate investment trust's stock, valued at approximately $10,294,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bison Wealth LLC increased its position in Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock valued at $471,000 after purchasing an additional 390 shares during the period. Empowered Funds LLC lifted its position in shares of Digital Realty Trust by 9.4% in the 1st 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 period. NewEdge Advisors LLC boosted 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 valued at $3,790,000 after purchasing an additional 4,069 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Digital Realty Trust by 3.9% during the second 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 buying an additional 5,909 shares during the period. Finally, Peapack Gladstone Financial Corp increased its position in shares of Digital Realty Trust by 0.8% during the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust's stock valued at $4,816,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial lowered their price objective on shares of Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $230.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a research note on Wednesday, August 5th. TD Cowen upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $192.00 to $222.00 in a research report on Friday, July 24th. Finally, Mizuho set a $223.00 price target on Digital Realty Trust in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $219.45.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $188.52 on Tuesday. The company has a 50 day simple moving average of $186.97 and a two-hundred day simple moving average of $185.72. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 91.51, a P/E/G ratio of 5.40 and a beta of 1.03. 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 (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.77). The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business's quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.22 dividend. 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 currently 236.89%.

Digital Realty Trust Company 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.

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