Legal & General Group Plc purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,850,980 shares of the real estate investment trust's stock, valued at approximately $691,559,000. Legal & General Group Plc owned 1.04% of Digital Realty Trust as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. boosted its holdings in Digital Realty Trust by 3.6% in the fourth 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 position in Digital Realty Trust during the 4th quarter worth approximately $3,402,995,000. Eurizon Capital SGR S.p.A. bought a new position in Digital Realty Trust during the 4th quarter worth approximately $21,224,000. Pacific Heights Asset Management LLC lifted its position 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 worth $23,206,000 after purchasing an additional 25,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Digital Realty Trust by 5,759.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust's stock valued at $210,066,000 after purchasing an additional 1,334,632 shares during the last quarter. Institutional investors own 99.71% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on DLR shares. Evercore reiterated an "outperform" rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, August 18th. TD Cowen raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and upped their price target for the company from $192.00 to $222.00 in a research report on Friday, July 24th. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $210.00 to $240.00 in a report on Thursday, August 13th. Truist Financial lowered their price objective on Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Barclays upped their target price on Digital Realty Trust from $189.00 to $197.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $219.45.
Get Our Latest Stock Report on DLR
Digital Realty Trust Stock Down 1.1%
Digital Realty Trust stock opened at $188.52 on Tuesday. The company has a market capitalization of $69.94 billion, a PE ratio of 91.51, a PEG ratio of 5.40 and a beta of 1.03. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The firm's fifty day moving average is $186.97 and its 200 day moving average is $185.72. 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 (NYSE:DLR - Get Free Report) last posted its quarterly 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 return on equity of 3.34% and a net margin of 11.80%.The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $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. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. Digital Realty Trust's dividend payout ratio (DPR) is currently 236.89%.
About Digital Realty Trust
(
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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