Empowered Funds LLC acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 27,763 shares of the real estate investment trust's stock, valued at approximately $4,986,000.
A number of other hedge funds also recently made changes to their positions in DLR. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Digital Realty Trust by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust's stock valued at $92,557,000 after acquiring an additional 20,735 shares during the last quarter. Norges Bank bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $3,402,995,000. Legal & General Group Plc increased its stake in Digital Realty Trust by 5.9% during the fourth quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust's stock worth $619,956,000 after acquiring an additional 224,688 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $21,224,000. Finally, Pacific Heights Asset Management LLC lifted its stake in shares of Digital Realty Trust by 20.0% in 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 purchasing an additional 25,000 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.
Digital Realty Trust Price Performance
DLR opened at $186.06 on Tuesday. The business has a fifty day moving average of $186.97 and a 200 day moving average of $186.44. The stock has a market cap of $69.03 billion, a P/E ratio of 90.32, a PEG ratio of 5.26 and a beta of 1.03. 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.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its 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 business had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.
Digital Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend on an annualized basis and a yield of 2.6%. Digital Realty Trust's dividend payout ratio (DPR) is presently 236.89%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on DLR. Mizuho set a $223.00 target price on Digital Realty Trust in a research report on Monday, August 10th. BTIG Research assumed coverage on Digital Realty Trust in a research report on Friday, July 10th. They issued a "buy" rating and a $215.00 price target for the company. TD Cowen raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. Citigroup reaffirmed a "market outperform" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, Royal Bank Of Canada boosted 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 report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.45.
Check Out Our Latest Analysis on Digital Realty Trust
Insider Transactions at Digital Realty Trust
In other Digital Realty Trust news, Director Mark R. Patterson sold 200 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.
Digital Realty Trust Company 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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