Benjamin Joseph Floyd DBA Floyd Capital Management Purchases New Stake in Digital Realty Trust, Inc. $DLR

Benjamin Joseph Floyd DBA Floyd Capital Management acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 150,270 shares of the real estate investment trust’s stock, valued at approximately $26,377,000. Digital Realty Trust comprises approximately 100.0% of Benjamin Joseph Floyd DBA Floyd Capital Management’s holdings, making the stock its largest holding.

Several other large investors also recently added to or reduced their stakes in DLR. BlackRock Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $7,277,032,000. Cohen & Steers Inc. lifted its holdings in shares of Digital Realty Trust by 18.0% in 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 acquiring an additional 4,276,073 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Digital Realty Trust by 6.0% during the 1st 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 position in shares of Digital Realty Trust during the 2nd quarter worth approximately $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. BTIG Research lifted their price objective on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Barclays boosted 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. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada raised their target price on Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, July 27th. 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 MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $219.69.

Insider Transactions at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Up 0.5%

DLR traded up $0.90 on Thursday, hitting $176.43. 1,930,862 shares of the company were exchanged, compared to its average volume of 2,346,524. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The company has a market cap of $65.46 billion, a price-to-earnings ratio of 85.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $188.44 and a two-hundred day moving average price of $187.17.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results 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 company had revenue of $1.92 billion during the quarter, compared to analyst estimates 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 for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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