Geode Capital Management LLC Purchases 197,180 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• Geode Capital Management increased its stake in Digital Realty Trust by 2.2% in the fourth quarter, buying 197,180 additional shares and bringing its total holding to 9.23 million shares worth about $1.42 billion.
• Digital Realty Trust reported first-quarter earnings of $0.46 per share, matching analyst estimates, while revenue came in slightly above expectations at $1.64 billion and rose 16.2% year over year.
• The company declared a quarterly dividend of $1.22 per share payable June 30, and Wall Street remains broadly positive with a consensus Moderate Buy rating and target price of $215.89.

Geode Capital Management LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,234,073 shares of the real estate investment trust's stock after purchasing an additional 197,180 shares during the period. Geode Capital Management LLC owned about 2.69% of Digital Realty Trust worth $1,423,373,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DLR. Bison Wealth LLC grew its holdings in Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock valued at $471,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC grew its holdings in Digital Realty Trust by 9.4% during the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust's stock valued at $972,000 after purchasing an additional 584 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Digital Realty Trust by 23.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust's stock valued at $3,790,000 after purchasing an additional 4,069 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in Digital Realty Trust by 3.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust's stock worth $27,469,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its stake in Digital Realty Trust by 0.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust's stock worth $4,816,000 after acquiring an additional 231 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

NYSE DLR opened at $191.65 on Friday. 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's 50 day moving average price is $189.71 and its 200-day moving average price is $173.47. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The company has a market cap of $67.35 billion, a PE ratio of 50.57, a P/E/G ratio of 5.21 and a beta of 1.06.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm earned $1.77 earnings per share. The company's quarterly revenue 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. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.06 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.22 per share. The ex-dividend date is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DLR shares. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $195.00 to $220.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 21st. KeyCorp restated a "sector weight" rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. The Goldman Sachs Group restated a "buy" rating and issued a $215.00 target price on shares of Digital Realty Trust in a research note on Friday, April 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $211.00 target price on shares of Digital Realty Trust in a research note on Friday, May 1st. Finally, BNP Paribas Exane upped their target price on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $215.89.

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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