Digital Realty Trust, Inc. $DLR Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Digital Realty Trust stake by 10.7% in the third quarter, bringing its holdings to 165,526 shares valued at approximately $29.1 million. Institutional investors collectively own 99.71% of DLR.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $219.69, despite mixed individual ratings.
• Digital Realty reported quarterly revenue growth of 28.9% year over year to $1.92 billion, but missed EPS estimates; the company also paid a quarterly dividend of $1.22, equivalent to a 2.8% annualized yield.

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,526 shares of the real estate investment trust's stock after buying an additional 16,065 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Digital Realty Trust were worth $29,055,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $7,277,032,000. Bank of America Corp DE increased its holdings in shares of Digital Realty Trust by 6.0% during 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 acquiring an additional 534,158 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Digital Realty Trust in the 2nd quarter valued at approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Digital Realty Trust by 17,256.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust's stock valued at $878,325,000 after purchasing an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Digital Realty Trust by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust's stock worth $874,046,000 after purchasing an additional 35,850 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DLR shares. Royal Bank Of Canada boosted their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Weiss Ratings lowered shares of Digital Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Evercore reaffirmed an "outperform" rating and issued a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. Finally, Barclays boosted their price objective on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an "equal weight" rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.69.

Insider Activity at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Digital Realty Trust Trading Down 1.7%

Shares of NYSE:DLR opened at $172.92 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The stock has a market cap of $64.15 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.37 and a beta of 0.99. The business has a 50-day moving average price of $184.69 and a 200-day moving average price of $187.18.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter in the prior year, the company earned $1.87 EPS. Digital Realty Trust's quarterly revenue 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. Equities analysts predict that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust's dividend payout ratio is 236.89%.

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.

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