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

Digital Realty Trust, Inc. (NYSE:DLR) Director Mark Patterson sold 200 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Digital Realty Trust Stock Up 0.3%

Shares of DLR opened at $186.06 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The stock has a market capitalization of $69.03 billion, a price-to-earnings ratio of 90.32, a PEG ratio of 5.26 and a beta of 1.03. The stock has a fifty day moving average of $186.97 and a 200-day moving average of $186.44.

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). The firm had revenue of $1.92 billion for 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 company’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 EPS. 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 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio is currently 236.89%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DLR. BTIG Research started coverage on shares of Digital Realty Trust in a report on Friday, July 10th. They set a “buy” rating and a $215.00 target price on the stock. HSBC raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Barclays increased their price objective 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. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cherry Creek Investment Advisors Inc. raised its stake in Digital Realty Trust by 0.3% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock worth $3,378,000 after buying an additional 51 shares during the last quarter. Columbia Bank boosted its position in Digital Realty Trust by 0.9% during the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock valued at $1,111,000 after acquiring an additional 53 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Digital Realty Trust by 9.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 55 shares during the period. South Plains Financial Inc. grew its holdings in Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 56 shares during the period. Finally, Denali Advisors LLC raised its position in shares of Digital Realty Trust by 1.3% in the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock worth $783,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 99.71% 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.