Triumph Capital Management Acquires 14,909 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Triumph Capital Management increased its Digital Realty Trust position by 14,065.1% in the third quarter, purchasing 14,909 additional shares and bringing its holdings to 15,015 shares valued at approximately $2.64 million.
• Analysts remain broadly positive, with Digital Realty carrying a consensus “Moderate Buy” rating and an average price target of $219.69; Wells Fargo and Argus recently upgraded the stock to “Buy.”
• DLR recently traded at $172, below its 52-week high of $208.14. The company reported quarterly revenue growth of 28.9% but missed EPS estimates, while paying a quarterly dividend of $1.22, equivalent to a 2.8% annualized yield.

Triumph Capital Management lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14,065.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,015 shares of the real estate investment trust's stock after buying an additional 14,909 shares during the period. Triumph Capital Management's holdings in Digital Realty Trust were worth $2,636,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DLR. Cherry Creek Investment Advisors Inc. lifted its position in shares of Digital Realty Trust by 0.3% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust's stock worth $3,378,000 after buying an additional 51 shares during the last quarter. Columbia Bank raised its stake in Digital Realty Trust by 0.9% during the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust's stock worth $1,111,000 after acquiring an additional 53 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in Digital Realty Trust by 9.1% during the first quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust's stock worth $118,000 after acquiring an additional 55 shares in the last quarter. Denali Advisors LLC raised its stake in Digital Realty Trust by 1.3% during the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust's stock worth $783,000 after acquiring an additional 56 shares in the last quarter. Finally, Twin Capital Management Inc. lifted its holdings in shares of Digital Realty Trust by 1.1% in the first quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust's stock worth $1,012,000 after acquiring an additional 59 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Digital Realty Trust from an "overweight" rating to a "buy" rating in a research note on Wednesday, August 5th. Truist Financial decreased their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. KeyCorp reiterated a "sector weight" rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Argus upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $229.00 target price on shares of Digital Realty Trust in a research report on Monday, July 27th. 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 stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $219.69.

Digital Realty Trust Price Performance

DLR traded down $6.14 on Wednesday, reaching $172.00. The stock had a trading volume of 1,754,269 shares, compared to its average volume of 2,317,421. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $63.81 billion, a price-to-earnings ratio of 83.50, a price-to-earnings-growth ratio of 3.45 and a beta of 0.99. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The firm has a 50-day moving average of $185.78 and a 200-day moving average of $187.24.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its 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 net margin of 11.80% and a return on equity of 3.34%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business posted $1.87 earnings per share. Digital Realty Trust's revenue for the quarter 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 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 236.89%.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

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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