Digital Realty Trust, Inc. $DLR Stock Position Increased by Forum Financial Management LP

Forum Financial Management LP boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 789.0% in the third quarter, HoldingsChannel.com reports. The fund owned 17,531 shares of the real estate investment trust’s stock after purchasing an additional 15,559 shares during the period. Forum Financial Management LP’s holdings in Digital Realty Trust were worth $3,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DLR. BlackRock Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at $7,277,032,000. Bank of America Corp DE raised its stake in Digital Realty Trust by 6.0% during the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock worth $1,706,714,000 after purchasing an additional 534,158 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Digital Realty Trust by 17,256.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock valued at $878,325,000 after purchasing an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Digital Realty Trust by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust’s stock valued at $874,046,000 after buying an additional 35,850 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Mizuho set a $223.00 price target on Digital Realty Trust in a research note on Monday, August 10th. Guggenheim raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Wednesday, July 15th. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $192.00 to $222.00 in a report on Friday, July 24th. Truist Financial cut their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $219.69.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at $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 is available through this hyperlink. 0.15% of the stock is owned by company insiders.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $176.08 on Friday. The company’s 50-day moving average price is $185.05 and its 200 day moving average price is $187.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. 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 cap of $65.33 billion, a price-to-earnings ratio of 85.48, a PEG ratio of 3.34 and a beta of 0.99.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last 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, research analysts forecast that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 236.89%.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.