Westpac Banking Corp Purchases New Position in Digital Realty Trust, Inc. $DLR

Key Points

• Westpac Banking Corp purchased 24,451 shares of Digital Realty Trust in the second quarter, valued at approximately $4.4 million. Institutional investors collectively own 99.71% of the data-center REIT.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $219.45; several firms recently raised their targets to between $221 and $250.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, although adjusted earnings per share of $1.21 fell short of the $1.98 consensus estimate. The company declared a quarterly dividend of $1.22 per share, representing a 2.6% annualized yield.

Westpac Banking Corp bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 24,451 shares of the real estate investment trust's stock, valued at approximately $4,391,000.

Other large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust's stock worth $28,000 after buying an additional 125 shares during the period. Gables Capital Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc raised its position in shares of Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Digital Realty Trust by 970.6% during 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Digital Realty Trust in the third quarter worth $34,000. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on DLR shares. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company a "buy" rating in a report on Friday, April 24th. Evercore reiterated an "outperform" rating and issued a $240.00 price target on shares of Digital Realty Trust in a research note on Tuesday. Cantor Fitzgerald lifted their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Citizens Jmp boosted their price objective on shares of Digital Realty Trust from $220.00 to $250.00 and gave the stock a "market outperform" rating in a research note on Monday, April 27th. Finally, Raymond James Financial upped their price objective on shares of Digital Realty Trust from $210.00 to $235.00 and gave the stock a "strong-buy" rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $219.45.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $190.81 on Friday. The business has a fifty day moving average price of $186.89 and a 200-day moving average price of $185.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $70.79 billion, a PE ratio of 92.63, a PEG ratio of 5.51 and a beta of 1.03. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm earned $1.87 EPS. The business's revenue for the quarter 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. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. Digital Realty Trust's dividend payout ratio is presently 236.89%.

Digital Realty Trust Company 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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