Howard Capital Management LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 12,322.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,303 shares of the real estate investment trust’s stock after acquiring an additional 269,119 shares during the period. Howard Capital Management LLC’s holdings in Digital Realty Trust were worth $47,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. increased its holdings in shares of Digital Realty Trust by 269.5% during the 3rd quarter. Goelzer Investment Management Inc. now owns 18,430 shares of the real estate investment trust’s stock valued at $3,235,000 after purchasing an additional 13,442 shares in the last quarter. Franchise GP Ltd lifted its stake in shares of Digital Realty Trust by 11.9% in the 3rd quarter. Franchise GP Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 112 shares during the period. Riverbend Wealth Management LLC boosted its holdings in Digital Realty Trust by 99.7% during the third quarter. Riverbend Wealth Management LLC now owns 4,870 shares of the real estate investment trust’s stock worth $855,000 after buying an additional 2,431 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in Digital Realty Trust by 9.1% during the third quarter. Ellsworth Advisors LLC now owns 16,304 shares of the real estate investment trust’s stock worth $2,862,000 after buying an additional 1,358 shares in the last quarter. Finally, NFSG Corp grew its position in Digital Realty Trust by 1,716.2% during the third quarter. NFSG Corp now owns 5,285 shares of the real estate investment trust’s stock valued at $928,000 after buying an additional 4,994 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.
Insider Buying and Selling
In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction that occurred on 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 approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on DLR shares. BTIG Research increased their target price on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Mizuho set a $223.00 price target on Digital Realty Trust in a report on Monday, August 10th. Rothschild & Co Redburn initiated coverage on Digital Realty Trust in a report on Monday, September 21st. They issued a “buy” rating and a $227.00 price target for the company. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Wednesday, July 15th. Finally, TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $192.00 to $222.00 in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $219.69.
Read Our Latest Stock Report on DLR
Digital Realty Trust Price Performance
Shares of NYSE:DLR traded up $1.61 during trading on Friday, reaching $176.08. The stock had a trading volume of 3,483,933 shares, compared to its average volume of 1,843,424. 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, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The stock has a market cap of $65.33 billion, a PE ratio of 85.48, a PEG ratio of 3.34 and a beta of 0.99. The business has a fifty day moving average price of $185.05 and a 200-day moving average price of $187.15.
Digital Realty Trust (NYSE:DLR – Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 3.34% and a net margin of 11.80%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the business earned $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities analysts forecast 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. Investors of record on Tuesday, September 15th were given a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.
Digital Realty Trust Company 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.
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