Mystic Asset Management Inc. Invests $910,000 in Digital Realty Trust, Inc. $DLR

Mystic Asset Management Inc. acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, Holdings Channel reports. The firm acquired 5,066 shares of the real estate investment trust’s stock, valued at approximately $910,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sunbelt Securities Inc. raised 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 valued at $28,000 after purchasing an additional 125 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in Digital Realty Trust in the 2nd quarter worth $29,000. Bell Investment Advisors Inc grew its position in 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 purchasing an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Digital Realty Trust by 970.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 165 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Digital Realty Trust during the 3rd quarter worth about $34,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $194.23 on Friday. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $71.87 billion, a PE ratio of 94.29, a price-to-earnings-growth ratio of 5.45 and a beta of 1.03. The firm has a 50-day moving average price of $186.76 and a 200 day moving average price of $185.38.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business earned $1.87 EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.5%. Digital Realty Trust’s payout ratio is currently 236.89%.

Analysts Set New Price Targets

DLR has been the subject of several research reports. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Raymond James Financial upped their price target on Digital Realty Trust from $210.00 to $235.00 and gave the company a “strong-buy” rating in a report on Friday, April 24th. UBS Group raised their price objective on Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. BNP Paribas Exane lifted their price objective on Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Wednesday, July 15th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust 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.