Beacon Investment Advisory Services Inc. Buys 12,795 Shares of Digital Realty Trust, Inc. $DLR

Beacon Investment Advisory Services Inc. grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 22.4% in the second quarter, HoldingsChannel reports. The firm owned 69,849 shares of the real estate investment trust’s stock after buying an additional 12,795 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Digital Realty Trust were worth $12,543,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Digital Realty Trust during the 4th quarter valued at approximately $3,402,995,000. Cohen & Steers Inc. boosted its position in shares of Digital Realty Trust by 18.0% during the 4th 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 acquiring an additional 4,276,073 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after acquiring an additional 4,195,862 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $233,301,000. Finally, Price T Rowe Associates Inc. MD increased its position in Digital Realty Trust by 78.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after purchasing an additional 1,405,791 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $193.75 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.06. The company has a market capitalization of $71.70 billion, a PE ratio of 94.05, a P/E/G ratio of 5.49 and a beta of 1.03. The company has a 50 day moving average price of $184.88 and a 200-day moving average price of $183.14. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLRGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the company earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 8.35 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio is presently 236.89%.

Analyst Ratings Changes

DLR has been the subject of several research reports. Citizens Jmp increased their price objective on shares of Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, April 27th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Sanford C. Bernstein increased their price target on shares of Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. One 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.97.

Read Our Latest Report on DLR

About Digital Realty Trust

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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