Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,308 shares of the real estate investment trust's stock after buying an additional 12,055 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Digital Realty Trust were worth $24,647,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Digital Realty Trust by 2.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust's stock worth $372,000 after purchasing an additional 61 shares in the last quarter. Varma Mutual Pension Insurance Co raised its holdings in Digital Realty Trust by 14.6% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 76,883 shares of the real estate investment trust's stock worth $11,895,000 after buying an additional 9,800 shares during the period. Truist Financial Corp lifted its stake in Digital Realty Trust by 4.2% during the fourth quarter. Truist Financial Corp now owns 62,000 shares of the real estate investment trust's stock valued at $9,592,000 after buying an additional 2,480 shares in the last quarter. Sagace Wealth Management LLC boosted its holdings in shares of Digital Realty Trust by 0.9% in the fourth quarter. Sagace Wealth Management LLC now owns 15,716 shares of the real estate investment trust's stock worth $2,431,000 after buying an additional 146 shares during the period. Finally, Advisors Preferred LLC increased its position in shares of Digital Realty Trust by 112.4% in the fourth quarter. Advisors Preferred LLC now owns 26,121 shares of the real estate investment trust's stock worth $4,050,000 after acquiring an additional 13,821 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on DLR. Jefferies Financial Group boosted their price target 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. BMO Capital Markets lifted their price objective on shares of Digital Realty Trust from $205.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, April 20th. Barclays boosted their target price on shares of Digital Realty Trust from $182.00 to $189.00 and gave the company an "equal weight" rating in a research note on Thursday, April 16th. BNP Paribas Exane lifted their price target on Digital Realty Trust from $196.00 to $224.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Finally, KeyCorp reissued a "sector weight" rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $213.86.
Get Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Stock Down 0.9%
Digital Realty Trust stock opened at $196.69 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $68.63 billion, a PE ratio of 51.90, a P/E/G ratio of 5.40 and a beta of 1.06. The firm's 50 day moving average price is $185.09 and its two-hundred day moving average price is $171.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business posted $1.77 EPS. The company's revenue for the quarter was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, research analysts predict that Digital Realty Trust, Inc. will post 8.05 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.22 dividend. The ex-dividend date was Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. Digital Realty Trust's payout ratio is 128.76%.
Digital Realty Trust Profile
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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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