56,290 Digital Realty Trust, Inc. $DLR Shares Bought by Adirondack Trust Co.

Adirondack Trust Co. increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21,817.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 56,548 shares of the real estate investment trust’s stock after acquiring an additional 56,290 shares during the period. Digital Realty Trust accounts for about 3.4% of Adirondack Trust Co.’s portfolio, making the stock its 5th largest position. Adirondack Trust Co.’s holdings in Digital Realty Trust were worth $9,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gables Capital Management Inc. acquired a new stake in Digital Realty Trust during the second quarter valued at approximately $29,000. Bell Investment Advisors Inc raised its holdings in shares of Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 62 shares in the last quarter. First Community Trust NA acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $31,000. Solstein Capital LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $32,000. Finally, Danske Bank A S bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In related 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 transaction, the director owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on DLR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $229.00 price target on shares of Digital Realty Trust in a research note on Monday, July 27th. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. Barclays lifted 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. HSBC reduced their target price on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Finally, Evercore reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $219.69.

Digital Realty Trust Price Performance

DLR stock traded down $3.85 during midday trading on Wednesday, reaching $174.29. 523,883 shares of the company’s stock traded hands, compared to its average volume of 2,310,989. The company has a 50-day simple moving average of $186.25 and a two-hundred day simple moving average of $187.25. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a market cap 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 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 data 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 business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $1.22 dividend. 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 payout ratio is currently 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.