BlackRock Inc. acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,522,510 shares of the real estate investment trust's stock, valued at approximately $7,277,032,000. BlackRock Inc. owned 10.95% of Digital Realty Trust at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. raised its position in Digital Realty Trust by 3.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust's stock worth $92,557,000 after acquiring an additional 20,735 shares during the last quarter. Norges Bank acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $3,402,995,000. Legal & General Group Plc lifted its stake in Digital Realty Trust by 5.9% in the 4th quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust's stock valued at $619,956,000 after buying an additional 224,688 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Digital Realty Trust in the 4th quarter valued at approximately $21,224,000. Finally, Pacific Heights Asset Management LLC grew its holdings in Digital Realty Trust by 20.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust's stock valued at $23,206,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Analyst Upgrades and Downgrades
DLR has been the topic of a number of analyst reports. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Jefferies Financial Group upped their target price on shares of Digital Realty Trust from $223.00 to $233.00 and gave the company a "buy" rating in a report on Friday, April 24th. Scotiabank raised their price target on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an "outperform" rating in a research note on Monday, April 27th. Finally, Citigroup reissued a "market outperform" rating on shares of Digital Realty Trust in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $219.13.
Check Out Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Stock Performance
NYSE DLR opened at $198.36 on Tuesday. The business's 50-day moving average price is $186.09 and its 200 day moving average price is $184.77. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The company has a market capitalization of $73.40 billion, a PE ratio of 96.29, a price-to-earnings-growth ratio of 5.67 and a beta of 1.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate 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 EPS. 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. On average, research analysts predict that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust's dividend payout ratio is presently 236.89%.
Digital Realty Trust Profile
(
Free Report)
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.
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