Wellington Management Group LLP reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 23.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 324,890 shares of the real estate investment trust’s stock after selling 98,859 shares during the period. Wellington Management Group LLP owned about 0.09% of Digital Realty Trust worth $58,344,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $29,000. Sunbelt Securities Inc. increased its holdings in Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Bell Investment Advisors Inc raised its position in 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 valued at $31,000 after purchasing an additional 62 shares during the last quarter. Solstein Capital LLC acquired a new position in Digital Realty Trust in the second quarter worth $32,000. Finally, Harvest Fund Management Co. Ltd grew its holdings 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 worth $31,000 after purchasing an additional 165 shares during the last quarter. 99.71% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Barclays lifted their price target on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Guggenheim raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Citigroup reissued a “market outperform” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Finally, Truist Financial reduced their price objective on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $219.45.
Digital Realty Trust Stock Up 2.2%
Shares of NYSE DLR opened at $187.72 on Friday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm’s 50-day moving average is $186.45 and its 200-day moving average is $186.56. 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 firm has a market capitalization of $69.64 billion, a PE ratio of 91.13, a price-to-earnings-growth ratio of 3.52 and a beta of 1.02.
Digital Realty Trust (NYSE:DLR – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share 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 business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company 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. Equities analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend 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 payout ratio is 236.89%.
Insider Buying and Selling
In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.
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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