Ferguson Wellman Capital Management Inc. Grows Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Ferguson Wellman Capital Management increased its Digital Realty Trust stake by 1,056.9% in the third quarter, ending with 25,476 shares valued at approximately $4.47 million. Institutional investors collectively own 99.71% of the company.
• Analyst sentiment remains positive, with Digital Realty receiving a consensus “Moderate Buy” rating and an average price target of $219.69, despite one downgrade to “hold.”
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but missed earnings estimates with EPS of $1.21 versus the $1.98 consensus. The company also maintains a quarterly dividend of $1.22 per share, yielding about 2.7%.

Ferguson Wellman Capital Management Inc. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1,056.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,476 shares of the real estate investment trust's stock after acquiring an additional 23,274 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Digital Realty Trust were worth $4,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at $7,277,032,000. Cohen & Steers Inc. lifted its stake in Digital Realty Trust by 18.0% in the fourth 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 grew its holdings in 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 bought a new position in Digital Realty Trust during the 2nd quarter worth about $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Digital Realty Trust by 17,256.9% during 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 purchasing an additional 4,862,814 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. KeyCorp restated a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Evercore restated an "outperform" rating and issued a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. TD Cowen upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. BTIG Research increased their target price on shares of Digital Realty Trust from $215.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Finally, Weiss Ratings downgraded shares of Digital Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. 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 company's stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $219.69.

Digital Realty Trust Price Performance

NYSE:DLR opened at $179.78 on Tuesday. The firm's fifty day moving average is $187.65 and its two-hundred day moving average is $187.12. The firm has a market cap of $66.70 billion, a price-to-earnings ratio of 87.27, a PEG ratio of 3.42 and a beta of 0.99. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. 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 (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). The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The firm's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

About Digital Realty Trust

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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