Corient Private Wealth LP Sells 12,997 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Corient Private Wealth reduced its Digital Realty Trust stake by 22% in the second quarter, selling 12,997 shares and retaining 46,138 shares valued at approximately $8.3 million. Institutional investors still own 99.71% of DLR’s outstanding stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $219.61, above the reported share price of $184.04.
• Digital Realty reported strong 28.9% year-over-year revenue growth to $1.92 billion, though quarterly EPS of $1.21 missed estimates. The company also declared a $1.22 quarterly dividend, equivalent to a 2.7% yield.

Corient Private Wealth LP lowered its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 22.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,138 shares of the real estate investment trust's stock after selling 12,997 shares during the period. Corient Private Wealth LP's holdings in Digital Realty Trust were worth $8,286,000 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 company. Amundi boosted its position in Digital Realty Trust by 57.3% in the second quarter. Amundi now owns 3,940,647 shares of the real estate investment trust's stock worth $707,661,000 after purchasing an additional 1,436,171 shares during the last quarter. HighTower Advisors LLC lifted its stake in Digital Realty Trust by 0.4% in the second quarter. HighTower Advisors LLC now owns 50,950 shares of the real estate investment trust's stock valued at $9,150,000 after purchasing an additional 225 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Digital Realty Trust during the second quarter valued at $17,695,000. CYBER HORNET ETFs LLC raised its stake in shares of Digital Realty Trust by 510.3% in the second quarter. CYBER HORNET ETFs LLC now owns 5,413 shares of the real estate investment trust's stock valued at $972,000 after buying an additional 4,526 shares during the period. Finally, Greenland Capital Management LP purchased a new stake in Digital Realty Trust in the 2nd quarter worth about $5,289,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of analyst reports. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Cantor Fitzgerald raised their target price on Digital Realty Trust from $211.00 to $221.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. BTIG Research upped their price target on Digital Realty Trust from $215.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $229.00 target price on shares of Digital Realty Trust in a research note on Monday, July 27th. Finally, Guggenheim upgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $219.61.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Up 1.6%

DLR stock opened at $184.04 on Friday. The company's 50 day moving average price is $187.71 and its two-hundred day moving average price is $187.10. 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, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a market capitalization of $68.28 billion, a PE ratio of 89.34, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company 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 firm posted $1.87 EPS. The company's 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. As a group, analysts predict that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm 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 dividend of $1.22 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. Digital Realty Trust's payout ratio is 236.89%.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

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