Digital Realty Trust, Inc. $DLR Shares Purchased by Adirondack Trust Co.

Adirondack Trust Co. grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21,817.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,548 shares of the real estate investment trust’s stock after purchasing an additional 56,290 shares during the quarter. Digital Realty Trust comprises about 3.4% of Adirondack Trust Co.’s investment portfolio, making the stock its 5th biggest position. Adirondack Trust Co.’s holdings in Digital Realty Trust were worth $9,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new position in Digital Realty Trust during the second quarter worth $7,277,032,000. Bank of America Corp DE acquired a new stake in shares of Digital Realty Trust in the second quarter worth about $1,605,671,000. Canada Pension Plan Investment Board acquired a new stake in shares of Digital Realty Trust in the second quarter worth about $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 17,256.9% in the second 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 worth $878,325,000 after buying an additional 4,862,814 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $691,559,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In other news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLR. BTIG Research increased their price objective on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Truist Financial reduced their target price on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Rothschild & Co Redburn began coverage on Digital Realty Trust in a research report on Monday, September 21st. They set a “buy” rating and a $227.00 target price for the company. Royal Bank Of Canada upped their target price on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, HSBC lowered their price target on Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $219.69.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $3.85 during trading hours on Wednesday, hitting $174.29. 523,883 shares of the company’s stock were exchanged, compared to its average volume of 2,310,989. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $64.66 billion, a price-to-earnings ratio of 84.85, a PEG ratio of 3.45 and a beta of 0.99. The company’s 50-day moving average price is $186.25 and its 200-day moving average price is $187.25.

Digital Realty Trust (NYSE:DLR) last released its 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). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business earned $1.87 EPS. The business’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. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust’s payout ratio is presently 236.89%.

Digital Realty Trust Profile

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.