Benjamin Joseph Floyd DBA Floyd Capital Management Buys New Stake in Digital Realty Trust, Inc. $DLR

Benjamin Joseph Floyd DBA Floyd Capital Management purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 150,270 shares of the real estate investment trust’s stock, valued at approximately $26,377,000. Digital Realty Trust makes up approximately 100.0% of Benjamin Joseph Floyd DBA Floyd Capital Management’s investment portfolio, making the stock its biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Digital Realty Trust in the second quarter valued at $7,277,032,000. Bank of America Corp DE acquired a new stake in shares of Digital Realty Trust during the second quarter worth about $1,605,671,000. Canada Pension Plan Investment Board purchased a new position in shares of Digital Realty Trust during the second quarter worth about $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Digital Realty Trust by 17,256.9% during 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, Cohen & Steers Inc. increased its position in Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after acquiring an additional 4,276,073 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $0.90 during trading hours on Thursday, reaching $176.43. 1,930,862 shares of the company’s stock were exchanged, compared to its average volume of 2,346,524. 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 company’s 50 day moving average is $188.44 and its two-hundred day moving average is $187.17. The company has a market cap of $65.46 billion, a P/E ratio of 85.65, a price-to-earnings-growth ratio of 3.38 and a beta of 1.02. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14.

Digital Realty Trust (NYSE:DLR) last posted its quarterly 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). 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 analysts’ expectations of $1.66 billion. During the same quarter last year, the firm earned $1.87 earnings per share. The firm’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. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Truist Financial reduced their price objective on 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. Evercore reiterated an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, July 15th. HSBC decreased their price target on Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Finally, Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. One 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 stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $219.69.

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.