Montecito Bank & Trust Increases Position in Digital Realty Trust, Inc. $DLR

Montecito Bank & Trust raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 413.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 22,915 shares of the real estate investment trust’s stock after purchasing an additional 18,450 shares during the period. Montecito Bank & Trust’s holdings in Digital Realty Trust were worth $4,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $7,277,032,000. Cohen & Steers Inc. grew its holdings in Digital Realty Trust by 18.0% during the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. Bank of America Corp DE grew its holdings 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 buying an additional 534,158 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Digital Realty Trust in the 2nd quarter valued at $1,178,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 buying an additional 4,862,814 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DLR shares. BTIG Research lifted their price objective on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Wednesday, July 15th. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Finally, Argus raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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 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 in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Performance

DLR traded up $0.90 during midday trading on Thursday, reaching $176.43. The company had a trading volume of 1,930,862 shares, compared to its average volume of 2,346,524. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The business has a 50-day moving average price of $188.44 and a two-hundred day moving average price of $187.17. The stock has a market cap of $65.46 billion, a PE ratio of 85.65, a P/E/G ratio of 3.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 EPS. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.22 per share. 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 is currently 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.