Digital Realty Trust, Inc. $DLR Position Lifted by Courier Capital LLC

Key Points

• Courier Capital doubled its Digital Realty Trust position by 105% in the third quarter, ending with 15,612 shares valued at approximately $2.74 million. Institutional investors collectively own 99.71% of DLR.
• Digital Realty shares recently traded at $178.34, down 1%, while the company reported quarterly revenue of $1.92 billion, up 28.9% year over year, but earnings per share of $1.21 fell short of estimates.
• The company paid a quarterly dividend of $1.22 per share, equivalent to a 2.7% annualized yield. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $219.69.

Courier Capital LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 105.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,612 shares of the real estate investment trust's stock after acquiring an additional 7,995 shares during the quarter. Courier Capital LLC's holdings in Digital Realty Trust were worth $2,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. BlackRock Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $7,277,032,000. Bank of America Corp DE increased its stake in shares of Digital Realty Trust by 6.0% in the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock valued at $1,706,714,000 after buying an additional 534,158 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Digital Realty Trust by 17,256.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust's stock valued at $878,325,000 after buying an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Digital Realty Trust by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust's stock valued at $874,046,000 after buying an additional 35,850 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Insiders Place Their Bets

In related 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 value of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Down 1.0%

Shares of Digital Realty Trust stock traded down $1.82 during midday trading on Tuesday, reaching $178.34. The company had a trading volume of 1,302,074 shares, compared to its average volume of 2,320,295. The stock has a fifty day moving average price of $186.25 and a 200 day moving average price of $187.25. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The firm has a market cap of $66.16 billion, a PE ratio of 86.57, a P/E/G ratio of 3.42 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.

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 firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company posted $1.87 EPS. The business's revenue for the quarter 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, equities analysts anticipate that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 236.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Mizuho set a $223.00 target price on shares of Digital Realty Trust in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $229.00 price target on shares of Digital Realty Trust in a research report on Monday, July 27th. Evercore reaffirmed an "outperform" rating and set a $240.00 price target on shares of Digital Realty Trust in a research note on Tuesday, August 18th. BTIG Research lifted their price target on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $219.69.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.

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