NEOS Investment Management LLC Increases Position in Digital Realty Trust, Inc. $DLR

Key Points

• NEOS Investment Management increased its Digital Realty Trust position by 13.7% in the second quarter, adding 14,534 shares to own 120,893 shares valued at approximately $21.7 million. Institutional investors and hedge funds collectively own 99.71% of DLR.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above expectations, but adjusted earnings of $1.21 per share missed the $1.98 consensus estimate. The company announced a quarterly dividend of $1.22, equivalent to a 2.6% annualized yield.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $219.45 versus the reported share price of $188.35.

NEOS Investment Management LLC grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,893 shares of the real estate investment trust's stock after purchasing an additional 14,534 shares during the quarter. NEOS Investment Management LLC's holdings in Digital Realty Trust were worth $21,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DLR. Sunbelt Securities Inc. increased its stake in shares of Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Gables Capital Management Inc. acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $29,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Digital Realty Trust by 970.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 165 shares during the period. Bell Investment Advisors Inc increased its position in Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 62 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $32,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.3%

Shares of NYSE DLR opened at $188.35 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 business's 50 day moving average is $186.36 and its two-hundred day moving average is $186.58. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The firm has a market cap of $69.88 billion, a price-to-earnings ratio of 91.43, a PEG ratio of 3.60 and a beta of 1.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly 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 firm had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter in the prior year, the business earned $1.87 earnings per share. The company's quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts predict 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. Shareholders of record on Tuesday, September 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's payout ratio is currently 236.89%.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $229.00 price target on shares of Digital Realty Trust in a research note on Monday, July 27th. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price objective for the stock from $210.00 to $240.00 in a research report on Thursday, August 13th. Truist Financial cut their target price on Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Guggenheim raised Digital Realty Trust from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research note on Wednesday, July 15th. Finally, Argus upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 price target for the company in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $219.45.

Insider Transactions at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

Digital Realty Trust Profile

Digital Realty Trust, Inc NYSE: DLR is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty's offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty's product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.

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