98,533 Shares in Digital Realty Trust, Inc. $DLR Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 98,533 shares of Digital Realty Trust worth approximately $17.7 million, while institutional investors collectively own 99.71% of the company.
• Analyst sentiment is broadly positive: Digital Realty has a “Moderate Buy” consensus rating and an average price target of $219.45, compared with its reported opening price of $188.35.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year but below-consensus EPS of $1.21, and declared a $1.22 quarterly dividend yielding about 2.6% annually.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 98,533 shares of the real estate investment trust's stock, valued at approximately $17,695,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its stake in Digital Realty Trust by 40.6% in the second quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust's stock valued at $15,978,000 after acquiring an additional 25,667 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $3,286,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Digital Realty Trust by 3.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust's stock valued at $92,557,000 after purchasing an additional 20,735 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Digital Realty Trust by 5.9% during the 4th quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust's stock valued at $619,956,000 after purchasing an additional 224,688 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $3,402,995,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In related 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 transaction of $38,792.00. Following the completion of the sale, the director owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DLR. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Argus upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a report on Wednesday, August 5th. Weiss Ratings cut Digital Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Mizuho set a $223.00 price target on Digital Realty Trust in a research note on Monday, August 10th. Finally, Cantor Fitzgerald increased their price objective on Digital Realty Trust from $211.00 to $221.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $219.45.

Digital Realty Trust Price Performance

NYSE DLR opened at $188.35 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a fifty day simple moving average of $186.31 and a 200 day simple moving average of $186.68. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market cap of $69.88 billion, a P/E ratio of 91.43, a P/E/G ratio of 3.61 and a beta of 1.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business earned $1.87 EPS. The business's revenue was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's payout ratio is currently 236.89%.

Digital Realty Trust 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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