Occidental Asset Management LLC Buys Shares of 19,247 Digital Realty Trust, Inc. $DLR

Key Points

• Occidental Asset Management purchased 19,247 shares of Digital Realty Trust during the second quarter, valued at approximately $3.46 million. Institutional investors collectively own 99.71% of the company’s stock.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but its $1.21 EPS missed analysts’ $1.98 consensus estimate. The stock recently traded at $198.36, near its 52-week high.
• The company declared a quarterly dividend of $1.22 per share, implying an annualized yield of 2.5%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $219.13.

Occidental Asset Management LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,247 shares of the real estate investment trust's stock, valued at approximately $3,456,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust's stock valued at $8,394,620,000 after purchasing an additional 854,828 shares in the last quarter. Cohen & Steers Inc. increased its position in Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock worth $4,332,366,000 after purchasing an additional 4,276,073 shares in the last quarter. Norges Bank acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $3,402,995,000. State Street Corp lifted its stake in Digital Realty Trust by 1.1% in the 4th quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust's stock valued at $3,219,256,000 after purchasing an additional 231,933 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock valued at $1,706,714,000 after purchasing an additional 534,158 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Down 0.9%

NYSE:DLR opened at $198.36 on Tuesday. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week 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. The firm's fifty day moving average is $186.09 and its 200-day moving average is $184.77. The firm has a market cap of $73.40 billion, a P/E ratio of 96.29, a P/E/G ratio of 5.67 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust's quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities analysts expect that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's payout ratio is currently 236.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLR. Sanford C. Bernstein boosted their target price on shares of Digital Realty Trust from $218.00 to $232.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Citigroup reissued a "market outperform" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Morgan Stanley boosted their price objective on Digital Realty Trust from $210.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $215.00 target price on shares of Digital Realty Trust in a report on Friday, April 24th. Finally, BNP Paribas Exane increased their target price on Digital Realty Trust from $196.00 to $224.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. 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 company. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.13.

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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