Elevation Wealth Partners LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 7,046.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,146 shares of the real estate investment trust’s stock after acquiring an additional 7,046 shares during the period. Elevation Wealth Partners LLC’s holdings in Digital Realty Trust were worth $1,254,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $7,277,032,000. Bank of America Corp DE bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $1,605,671,000. Canada Pension Plan Investment Board acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Digital Realty Trust by 17,256.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock valued at $878,325,000 after buying an additional 4,862,814 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of Digital Realty Trust by 18.0% in the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Digital Realty Trust
In related news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were 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 in the company, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.
Digital Realty Trust Stock Performance
Digital Realty Trust (NYSE:DLR – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 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 company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm earned $1.87 earnings per share. The company’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 8.4 EPS for the current year.
Digital Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. Digital Realty Trust’s payout ratio is presently 236.89%.
Analyst Upgrades and Downgrades
DLR has been the topic of several analyst reports. Rothschild & Co Redburn began coverage on shares of Digital Realty Trust in a research report on Monday, September 21st. They set a “buy” rating and a $227.00 price target on the stock. Wells Fargo & Company raised shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Wednesday, July 15th. HSBC dropped their target price on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Finally, 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 research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $219.69.
Get Our Latest Stock Report on DLR
Digital Realty Trust Company Profile
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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