Digital Realty Trust (NYSE:DLR) Director Mark Patterson Sells 200 Shares of Stock

Key Points

• Director Mark Patterson sold 200 Digital Realty Trust shares at an average price of $193.96, generating $38,792 and reducing his ownership by 3.07% to 6,322 shares.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, but earnings per share of $1.21 fell short of the $1.98 consensus.
• The company declared a quarterly dividend of $1.22, or $4.88 annually, yielding about 2.6%; analysts maintain a “Moderate Buy” consensus with an average price target of $219.45.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) 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 value of $38,792.00. Following the completion of the sale, the director owned 6,322 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Digital Realty Trust Price Performance

NYSE:DLR traded up $0.59 during trading hours on Monday, hitting $186.06. The company's stock had a trading volume of 6,409,267 shares, compared to its average volume of 2,406,238. 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 business's 50-day moving average is $187.16 and its two-hundred day moving average is $186.34. The company has a market capitalization of $69.03 billion, a PE ratio of 90.32, a PEG ratio of 5.26 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share 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 company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $1.87 earnings per share. The business'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, research analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.22 dividend. 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 currently 236.89%.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. lifted its position in shares of Digital Realty Trust by 3.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust's stock worth $92,557,000 after purchasing an additional 20,735 shares during the last quarter. Legal & General Group Plc grew its stake in Digital Realty Trust by 5.9% in the fourth quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust's stock worth $619,956,000 after purchasing an additional 224,688 shares in the last quarter. Norges Bank bought a new stake in Digital Realty Trust in the fourth quarter valued at about $3,402,995,000. Eurizon Capital SGR S.p.A. acquired a new stake in Digital Realty Trust during the fourth quarter valued at approximately $21,224,000. Finally, Pacific Heights Asset Management LLC raised its stake in Digital Realty Trust by 20.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust's stock valued at $23,206,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on DLR shares. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $210.00 to $240.00 in a research report on Thursday, August 13th. Wells Fargo & Company raised shares of Digital Realty Trust from an "overweight" rating to a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Mizuho set a $223.00 target price on shares of Digital Realty Trust in a research report on Monday, August 10th. Finally, Evercore reaffirmed an "outperform" rating and issued a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. One 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's stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $219.45.

About Digital Realty Trust

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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