Digital Realty Trust, Inc. $DLR Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Digital Realty Trust stake by 95.9% in the second quarter, selling 26,541 shares and retaining 1,126 shares valued at approximately $202,000. Institutional investors and hedge funds collectively own 99.71% of DLR.
• Analysts remain broadly positive, with Digital Realty receiving a consensus “Moderate Buy” rating and an average price target of $219.69. Recent targets range from $220 to $235, including new “buy” coverage from Rothschild & Co Redburn at $227.
• DLR shares opened at $178.64, while the company reported quarterly revenue of $1.92 billion—up 28.9% year over year—but missed earnings expectations. Digital Realty also declared a quarterly dividend of $1.22 per share, equivalent to a 2.7% annualized yield.

Engineers Gate Manager LP trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 95.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,126 shares of the real estate investment trust's stock after selling 26,541 shares during the quarter. Engineers Gate Manager LP's holdings in Digital Realty Trust were worth $202,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DLR. BlackRock Inc. acquired a new stake in Digital Realty Trust during the second quarter worth about $7,277,032,000. Cohen & Steers Inc. lifted its holdings in shares of Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock worth $4,332,366,000 after acquiring an additional 4,276,073 shares during the period. Bank of America Corp DE boosted its position in shares of Digital Realty Trust by 6.0% during the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock worth $1,706,714,000 after acquiring an additional 534,158 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 17,256.9% in the second 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 acquiring an additional 4,862,814 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on DLR shares. Rothschild & Co Redburn began coverage on Digital Realty Trust in a research note on Monday, September 21st. They set a "buy" rating and a $227.00 target price for the company. Citigroup reissued a "market outperform" rating on shares of Digital Realty Trust in a report on Friday, July 24th. BTIG Research upped their price objective on Digital Realty Trust from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. HSBC reduced their price objective on Digital Realty Trust from $240.00 to $235.00 and set a "buy" rating on the stock in a research note on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $230.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. One research 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 company's stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $219.69.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $178.64 on Monday. The stock has a market cap of $66.27 billion, a price-to-earnings ratio of 86.72, a P/E/G ratio of 3.42 and a beta of 1.02. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The company's fifty day moving average is $188.52 and its 200 day moving average is $187.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results 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 company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the firm posted $1.87 earnings per share. The firm's quarterly revenue 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. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be 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 is Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 236.89%.

Digital Realty Trust Company Profile

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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