Frank Rimerman Advisors LLC Acquires 75,403 Shares of Digital Realty Trust, Inc. $DLR

Frank Rimerman Advisors LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1,706.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 79,821 shares of the real estate investment trust’s stock after acquiring an additional 75,403 shares during the quarter. Digital Realty Trust makes up about 0.8% of Frank Rimerman Advisors LLC’s holdings, making the stock its 21st largest holding. Frank Rimerman Advisors LLC’s holdings in Digital Realty Trust were worth $14,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Cherry Creek Investment Advisors Inc. increased its holdings in Digital Realty Trust by 0.3% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after buying an additional 51 shares during the period. Columbia Bank lifted its holdings in Digital Realty Trust by 0.9% during the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after buying an additional 53 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Digital Realty Trust by 9.1% during the first quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 55 shares during the period. Denali Advisors LLC lifted its holdings in Digital Realty Trust by 1.3% during the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 56 shares during the period. Finally, Twin Capital Management Inc. boosted its position in Digital Realty Trust by 1.1% during the 1st quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock valued at $1,012,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, Director Mark Patterson sold 200 shares of the stock in a transaction 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 completion of the sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Digital Realty Trust Stock Up 0.9%

Shares of Digital Realty Trust stock opened at $176.08 on Friday. 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 company has a market cap of $65.33 billion, a P/E ratio of 85.48, a PEG ratio of 3.37 and a beta of 0.99. The firm’s 50 day moving average price is $185.05 and its 200-day moving average price is $187.15. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.

Digital Realty Trust (NYSE:DLR) last posted its 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). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations 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 was up 28.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 8.40 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio is presently 236.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DLR shares. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Rothschild & Co Redburn initiated coverage on Digital Realty Trust in a research note on Monday, September 21st. They set a “buy” rating and a $227.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $219.69.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.