8,426 Shares in Digital Realty Trust, Inc. $DLR Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the first quarter, Holdings Channel reports. The fund bought 8,426 shares of the real estate investment trust’s stock, valued at approximately $1,518,000.

Several other large investors have also recently bought and sold shares of DLR. Bison Wealth LLC lifted its stake in shares of Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC boosted its holdings in shares of Digital Realty Trust by 9.4% in the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after acquiring an additional 584 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Digital Realty Trust by 23.0% during the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $3,790,000 after acquiring an additional 4,069 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Digital Realty Trust by 3.9% during the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock valued at $27,469,000 after acquiring an additional 5,909 shares during the period. Finally, Peapack Gladstone Financial Corp raised its holdings in Digital Realty Trust by 0.8% during the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.7%

Digital Realty Trust stock opened at $179.27 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 47.30, a price-to-earnings-growth ratio of 4.80 and a beta of 1.03. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm’s 50 day moving average price is $184.90 and its two-hundred day moving average price is $180.25.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, research analysts predict that Digital Realty Trust, Inc. will post 8.04 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced 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 2.7%. Digital Realty Trust’s payout ratio is 128.76%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DLR. Jefferies Financial Group upped their target price on Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings upgraded Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein boosted their price objective on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Stifel Nicolaus upped their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $215.00 target price on shares of Digital Realty Trust in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.17.

Digital Realty Trust Company 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.