Commerce Bank Takes Position in Digital Realty Trust, Inc. $DLR

Key Points

• Commerce Bank acquired 10,256 shares of Digital Realty Trust during the second quarter, worth approximately $1.84 million. Institutional investors collectively own 99.71% of the REIT.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $219.45, despite one recent downgrade to “Hold.”
• Digital Realty shares opened at $192.20, while the company reported 28.9% year-over-year revenue growth in its latest quarter but missed the consensus earnings estimate. It also declared a quarterly dividend of $1.22 per share, yielding about 2.5% annually.

Commerce Bank bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,256 shares of the real estate investment trust's stock, valued at approximately $1,842,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $29,000. Bell Investment Advisors Inc lifted its position in shares of Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 165 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Digital Realty Trust during the third quarter worth about $34,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim raised Digital Realty Trust from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective 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. Weiss Ratings downgraded Digital Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Mizuho set a $223.00 target price on Digital Realty Trust in a research report on Monday, August 10th. Finally, Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a research note on Wednesday, August 5th. One equities research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $219.45.

Digital Realty Trust Stock Up 1.9%

Shares of NYSE DLR opened at $192.20 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $71.30 billion, a PE ratio of 93.30, a P/E/G ratio of 5.34 and a beta of 1.03. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The business's fifty day moving average price is $187.01 and its 200-day moving average price is $185.90.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $1.87 earnings per share. The firm's quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities research 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 declared 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. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. 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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