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

Digital Realty Trust, Inc. (NYSE:DLR) 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 transaction of $38,792.00. Following the sale, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Digital Realty Trust Trading Down 1.6%

DLR opened at $182.67 on Wednesday. The firm has a 50 day simple moving average of $186.73 and a 200 day simple moving average of $186.49. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The company has a market cap of $67.77 billion, a price-to-earnings ratio of 88.67, a price-to-earnings-growth ratio of 3.24 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.

Digital Realty Trust (NYSE:DLR) 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 analysts’ consensus estimates of $1.98 by ($0.77). The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust’s revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Tuesday, September 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 236.89%.

Analyst Ratings Changes

Several equities analysts have weighed in on DLR shares. Royal Bank Of Canada increased their target price on Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Evercore reissued an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Wednesday, July 15th. Finally, BTIG Research began coverage on shares of Digital Realty Trust in a report on Friday, July 10th. They issued a “buy” rating and a $215.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its position in Digital Realty Trust by 20,892.8% in the 2nd quarter. California State Teachers Retirement System now owns 89,457,597 shares of the real estate investment trust’s stock valued at $16,064,795,000 after acquiring an additional 89,031,462 shares in the last quarter. BlackRock Inc. bought a new position in Digital Realty Trust during the 2nd quarter worth about $7,277,032,000. Cohen & Steers Inc. increased its holdings in 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 worth $4,332,366,000 after purchasing an additional 4,276,073 shares in the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $3,402,995,000. Finally, State Street Corp lifted its holdings in shares of Digital Realty Trust by 1.1% in the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock valued at $3,219,256,000 after purchasing an additional 231,933 shares in the last quarter. Institutional investors 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.