Corient Private Wealth LP Invests $10.33 Million in Digital Realty Trust, Inc. $DLR

Corient Private Wealth LP purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,518 shares of the real estate investment trust's stock, valued at approximately $10,329,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Digital Realty Trust during the 2nd quarter worth about $7,277,032,000. Cohen & Steers Inc. grew its position in shares of Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock worth $4,332,366,000 after buying an additional 4,276,073 shares during the period. Norges Bank bought a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $3,402,995,000. State Street Corp raised its stake in shares of Digital Realty Trust by 1.1% during the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust's stock worth $3,219,256,000 after buying an additional 231,933 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Digital Realty Trust by 6.0% in the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock valued at $1,706,714,000 after buying an additional 534,158 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DLR. Royal Bank Of Canada raised their price objective on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Barclays raised their price target on Digital Realty Trust from $189.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 1st. Truist Financial decreased 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. BTIG Research assumed coverage on Digital Realty Trust in a report on Friday, July 10th. They issued a "buy" rating and a $215.00 price objective for the company. Finally, Argus raised Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $219.45.

Digital Realty Trust Stock Down 3.6%

Shares of NYSE:DLR opened at $185.26 on Friday. The company has a 50 day moving average price of $187.16 and a two-hundred day moving average price of $186.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $68.73 billion, a PE ratio of 89.93, a PEG ratio of 5.26 and a beta of 1.03. 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 - Get Free Report) last announced 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 return on equity of 3.34% and a net margin of 11.80%.The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The company's revenue for the quarter 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. Analysts forecast that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.6%. Digital Realty Trust's payout ratio is currently 236.89%.

Digital Realty Trust Company 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.

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