Beacon Investment Advisory Services Inc. Purchases 12,795 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Beacon Investment Advisory Services increased its Digital Realty Trust stake by 22.4% in the second quarter, purchasing 12,795 additional shares for a total of 69,849 shares valued at approximately $12.5 million.
• Institutional investors own 99.71% of DLR, while analysts maintain a “Moderate Buy” consensus with an average price target of $217.97, above the stock’s $193.75 opening price.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year but below earnings expectations on a per-share basis. The company pays a quarterly dividend of $1.22, equivalent to a 2.5% annual yield.

Beacon Investment Advisory Services Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 22.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,849 shares of the real estate investment trust's stock after acquiring an additional 12,795 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Digital Realty Trust were worth $12,543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bison Wealth LLC grew 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 worth $471,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC lifted its position in Digital Realty Trust by 9.4% during the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust's stock valued at $972,000 after purchasing an additional 584 shares during the period. NewEdge Advisors LLC boosted its holdings in Digital Realty Trust by 23.0% in the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust's stock worth $3,790,000 after purchasing an additional 4,069 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Digital Realty Trust by 3.9% in the second 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 purchasing an additional 5,909 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its position 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 worth $4,816,000 after purchasing an additional 231 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Weiss Ratings cut Digital Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Sanford C. Bernstein upped their price target on shares of Digital Realty Trust from $218.00 to $232.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Citigroup reiterated a "market outperform" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, UBS Group raised their price objective on shares of Digital Realty Trust from $225.00 to $227.00 and gave the stock a "buy" rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $217.97.

Digital Realty Trust Stock Up 0.6%

DLR opened at $193.75 on Friday. The stock has a market cap of $71.70 billion, a price-to-earnings ratio of 94.05, a price-to-earnings-growth ratio of 5.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.06. The firm's fifty day moving average is $184.88 and its 200 day moving average is $183.14. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

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 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.77). The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust's revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.35 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. Digital Realty Trust's payout ratio is currently 236.89%.

About Digital Realty Trust

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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