Mystic Asset Management Inc. Makes New Investment in Digital Realty Trust, Inc. $DLR

Mystic Asset Management Inc. bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,066 shares of the real estate investment trust’s stock, valued at approximately $910,000.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Gables Capital Management Inc. acquired a new stake in Digital Realty Trust during the second quarter valued at $29,000. Sunbelt Securities Inc. grew its stake 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 valued at $28,000 after purchasing an additional 125 shares in the last quarter. Bell Investment Advisors Inc increased 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 worth $31,000 after purchasing an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Digital Realty Trust by 970.6% during the 3rd 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $34,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 1.0%

NYSE:DLR opened at $194.23 on Friday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The firm has a market cap of $71.87 billion, a price-to-earnings ratio of 94.29, a P/E/G ratio of 5.45 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $186.76 and its 200-day moving average is $185.38.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Digital Realty Trust’s quarterly revenue 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. Equities analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 236.89%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DLR. The Goldman Sachs Group reiterated a “buy” rating and set a $215.00 price target on shares of Digital Realty Trust in a report on Friday, April 24th. Citigroup reaffirmed a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Mizuho set a $223.00 target price on shares of Digital Realty Trust in a research note on Monday, August 10th. Truist Financial decreased their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, BTIG Research started coverage on shares of Digital Realty Trust in a research note on Friday, July 10th. They set a “buy” rating and a $215.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust 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.