Digital Realty Trust, Inc. $DLR Shares Sold by Syntax Research Inc.

Syntax Research Inc. cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 71.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,416 shares of the real estate investment trust’s stock after selling 8,357 shares during the quarter. Syntax Research Inc.’s holdings in Digital Realty Trust were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. Sunbelt Securities Inc. grew its stake in Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Gables Capital Management Inc. bought a new stake in Digital Realty Trust in the second quarter valued at $29,000. Bell Investment Advisors Inc lifted its stake in Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 165 shares during the period. Finally, Solstein Capital LLC bought a new position in shares of Digital Realty Trust during the second quarter worth about $32,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DLR. Wells Fargo & Company raised shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. Truist Financial reduced their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Argus upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a research note on Wednesday, August 5th. Finally, TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $192.00 to $222.00 in a report on Friday, July 24th. 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.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.45.

Digital Realty Trust Trading Up 2.2%

Shares of DLR stock opened at $187.72 on Friday. The stock has a 50-day simple moving average of $186.45 and a 200 day simple moving average of $186.56. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The stock has a market capitalization of $69.64 billion, a P/E ratio of 91.13, a P/E/G ratio of 3.52 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last issued 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). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $1.87 earnings per share. Digital Realty Trust’s 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 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s payout ratio is presently 236.89%.

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.