Saudi Central Bank increased its stake in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 89.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,053 shares of the real estate investment trust’s stock after purchasing an additional 11,374 shares during the period. Saudi Central Bank’s holdings in Digital Realty Trust were worth $4,319,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gables Capital Management Inc. bought a new position in Digital Realty Trust in the 2nd quarter valued at about $29,000. Sunbelt Securities Inc. raised its position in shares of Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Digital Realty Trust by 56.9% during the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 62 shares during the period. Solstein Capital LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $32,000. Finally, Harvest Fund Management Co. Ltd boosted its position 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 acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Analyst Upgrades and Downgrades
DLR has been the subject of several research analyst reports. Argus upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research report on Wednesday, August 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Cantor Fitzgerald lifted their price target on Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Wednesday, July 15th. Finally, HSBC raised Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. One 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. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $219.45.
Insider Buying and Selling at Digital Realty Trust
In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.
Digital Realty Trust Stock Down 0.0%
Shares of NYSE DLR opened at $188.35 on Monday. The company’s 50 day moving average price is $186.36 and its 200-day moving average price is $186.62. 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 company has a market capitalization of $69.88 billion, a P/E ratio of 91.43, a price-to-earnings-growth ratio of 3.61 and a beta of 1.02.
Digital Realty Trust (NYSE:DLR – Get Free Report) last posted 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 return on equity of 3.34% and a net margin of 11.80%.The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company earned $1.87 earnings per share. The company’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 forecast that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.
Digital Realty Trust Announces Dividend
The firm 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 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.
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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