Forum Financial Management LP Purchases 15,559 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Forum Financial Management increased its Digital Realty Trust stake by 789% in the third quarter, purchasing 15,559 shares and bringing its holdings to 17,531 shares valued at approximately $3.1 million. Institutional investors collectively own 99.71% of the company.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, but EPS of $1.21 missed consensus by $0.77. The company issued annualized dividends of $4.88 per share, yielding about 2.8%.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $219.69 versus the stock’s reported price of $176.08; recent targets range as high as $220.

Forum Financial Management LP grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 789.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,531 shares of the real estate investment trust's stock after purchasing an additional 15,559 shares during the period. Forum Financial Management LP's holdings in Digital Realty Trust were worth $3,077,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLR. Weitzel Financial Services Inc. bought a new position in Digital Realty Trust in the 3rd quarter worth about $223,000. Vontobel Holding Ltd. boosted its stake in shares of Digital Realty Trust by 1,255.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 230,431 shares of the real estate investment trust's stock worth $40,448,000 after buying an additional 213,426 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Digital Realty Trust by 10,394.5% in the third quarter. TD Waterhouse Canada Inc. now owns 802,302 shares of the real estate investment trust's stock worth $140,828,000 after purchasing an additional 794,657 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in Digital Realty Trust by 359.2% during the third quarter. Cyndeo Wealth Partners LLC now owns 24,092 shares of the real estate investment trust's stock valued at $4,229,000 after buying an additional 18,845 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $375,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 0.9%

NYSE:DLR opened at $176.08 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $65.33 billion, a price-to-earnings ratio of 85.48, a PEG ratio of 3.34 and a beta of 0.99. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The firm has a 50 day moving average of $185.05 and a 200 day moving average of $187.15.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted 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). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company earned $1.87 EPS. 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, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director directly owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DLR shares. Truist Financial reduced their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a report on Thursday, July 30th. KeyCorp reaffirmed a "sector weight" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Wells Fargo & Company raised Digital Realty Trust from an "overweight" rating to a "buy" rating in a research note on Wednesday, August 5th. Citigroup restated a "market outperform" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Finally, BTIG Research raised their price target on Digital Realty Trust from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust 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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