Digital Realty Trust, Inc. $DLR Stock Purchased by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors significantly increased its Digital Realty Trust stake by 1,706.7% in the third quarter, holding 79,821 shares worth approximately $14 million. Institutional investors collectively own 99.71% of DLR.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $219.69; individual targets range from $212 to $240.
• Digital Realty reported 28.9% year-over-year revenue growth to $1.92 billion, although quarterly EPS of $1.21 missed estimates. The company pays a $1.22 quarterly dividend, equivalent to a 2.8% annual yield.

Frank Rimerman Advisors LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1,706.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,821 shares of the real estate investment trust's stock after purchasing an additional 75,403 shares during the period. Digital Realty Trust comprises 0.8% of Frank Rimerman Advisors LLC's holdings, making the stock its 21st biggest holding. Frank Rimerman Advisors LLC's holdings in Digital Realty Trust were worth $14,011,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Forbes J M & Co. LLP bought a new stake in Digital Realty Trust in the third quarter worth about $200,000. JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Digital Realty Trust during the third quarter valued at approximately $1,806,000. Alpine Bank Wealth Management boosted its position in shares of Digital Realty Trust by 225.3% during the third quarter. Alpine Bank Wealth Management now owns 1,106 shares of the real estate investment trust's stock valued at $194,000 after buying an additional 766 shares during the period. USA Financial Formulas bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $257,000. Finally, Forum Financial Management LP grew its stake in shares of Digital Realty Trust by 789.0% during the third quarter. Forum Financial Management LP now owns 17,531 shares of the real estate investment trust's stock valued at $3,077,000 after buying an additional 15,559 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DLR shares. Cantor Fitzgerald increased their price target on Digital Realty Trust from $211.00 to $221.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $229.00 price objective on shares of Digital Realty Trust in a report on Monday, July 27th. Citigroup reaffirmed a "market outperform" rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Argus upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a research note on Wednesday, August 5th. Finally, Evercore reiterated an "outperform" rating and set a $240.00 target price on shares of Digital Realty Trust in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $219.69.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $176.08 on Friday. 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 company has a market capitalization of $65.33 billion, a P/E ratio of 85.48, a P/E/G ratio of 3.37 and a beta of 0.99. The company's 50-day simple moving average is $185.05 and its two-hundred day simple moving average is $187.15. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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). 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 analysts' expectations of $1.66 billion. During the same period last year, the business posted $1.87 earnings per share. The business's 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. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is presently 236.89%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction on 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 of the company's stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.

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