Ceredex Value Advisors LLC Invests $25.63 Million in Digital Realty Trust, Inc. $DLR

Key Points

• Ceredex Value Advisors initiated a $25.63 million position in Digital Realty Trust during the second quarter, purchasing 142,700 shares. Institutional investors collectively own 99.71% of the company’s stock.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $219.45; HSBC and Guggenheim recently upgraded the stock to “Buy.”
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, though earnings per share missed estimates. The company declared a $1.22 quarterly dividend, equivalent to a 2.5% annualized yield.

Ceredex Value Advisors LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 142,700 shares of the real estate investment trust's stock, valued at approximately $25,626,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cherry Creek Investment Advisors Inc. lifted its stake in Digital Realty Trust by 0.3% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust's stock valued at $3,378,000 after purchasing an additional 51 shares during the last quarter. Columbia Bank raised its stake in shares of Digital Realty Trust by 0.9% in the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust's stock valued at $1,111,000 after buying an additional 53 shares during the period. GHP Investment Advisors Inc. raised its stake in Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust's stock valued at $118,000 after acquiring an additional 55 shares during the period. South Plains Financial Inc. boosted its holdings in Digital Realty Trust by 25.7% in the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust's stock worth $42,000 after buying an additional 56 shares during the period. Finally, Denali Advisors LLC lifted its position in shares of Digital Realty Trust by 1.3% during the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust's stock worth $783,000 after acquiring an additional 56 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DLR. Citigroup reiterated a "market outperform" rating on shares of Digital Realty Trust in a research report on Friday, July 24th. KeyCorp reiterated a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. Guggenheim upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a research note on Wednesday, July 15th. 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 research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $219.45.

Digital Realty Trust Stock Up 1.0%

NYSE DLR opened at $194.23 on Friday. 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 stock's 50 day moving average is $186.76 and its 200 day moving average is $185.38. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock has a market cap of $71.87 billion, a PE ratio of 94.29, a P/E/G ratio of 5.45 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its 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 firm 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%.Digital Realty Trust's quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 2.5%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust's payout ratio is 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.

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source