Fort Washington Investment Advisors Inc. OH Buys 33,898 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Fort Washington Investment Advisors acquired 33,898 shares of Digital Realty Trust worth approximately $5.95 million in the third quarter. Institutional investors collectively own 99.71% of the data-center REIT.
• Analysts remain broadly bullish, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $219.69, above its reported opening price of $174.23.
• Digital Realty reported 28.9% year-over-year revenue growth to $1.92 billion, though quarterly EPS of $1.21 missed estimates. The company paid a quarterly dividend of $1.22, equivalent to a 2.8% annualized yield.

Fort Washington Investment Advisors Inc. OH purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,898 shares of the real estate investment trust's stock, valued at approximately $5,950,000.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $7,277,032,000. Bank of America Corp DE purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $1,605,671,000. Canada Pension Plan Investment Board acquired a new stake in Digital Realty Trust in the 2nd quarter valued at about $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 acquiring an additional 4,862,814 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Digital Realty Trust in the 2nd quarter valued at about $691,559,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DLR. Guggenheim upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a report on Wednesday, July 15th. TD Cowen upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $229.00 price target on shares of Digital Realty Trust in a report on Monday, July 27th. BTIG Research increased their price target 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, Argus raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 price objective for the company in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $219.69.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company's stock in a transaction dated 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 directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $174.23 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The stock has a market cap of $64.64 billion, a price-to-earnings ratio of 84.58, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The business has a fifty day moving average of $185.40 and a 200-day moving average of $187.23. 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 issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 11.80% and a return on equity of 3.34%. The firm's revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 earnings per share. 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 8.40 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 $1.22 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust's payout ratio is presently 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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