Mirae Asset Global Investments Co. Ltd. Sells 2,952 Shares of Digital Realty Trust, Inc. $DLR

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 108,437 shares of the real estate investment trust’s stock after selling 2,952 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Digital Realty Trust were worth $16,776,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DLR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Digital Realty Trust by 686.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after purchasing an additional 4,195,862 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Digital Realty Trust by 581.0% during the third quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock valued at $166,159,000 after purchasing an additional 819,982 shares in the last quarter. Resolution Capital Ltd boosted its position in Digital Realty Trust by 25.2% during the second quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock valued at $517,345,000 after purchasing an additional 596,420 shares in the last quarter. Bank of America Corp DE boosted its position in Digital Realty Trust by 6.6% during the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock valued at $1,543,914,000 after purchasing an additional 553,907 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Digital Realty Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 53,405,531 shares of the real estate investment trust’s stock valued at $9,232,748,000 after purchasing an additional 512,974 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent research reports. Scotiabank raised their price objective on Digital Realty Trust from $189.00 to $195.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 7th. Barclays raised their price objective on Digital Realty Trust from $182.00 to $189.00 and gave the company an “equal weight” rating in a research report on Thursday. Stifel Nicolaus dropped their price objective on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Mizuho dropped their price objective on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.54.

Digital Realty Trust Trading Up 2.3%

Shares of Digital Realty Trust stock opened at $203.70 on Friday. The firm’s 50 day simple moving average is $180.71 and its two-hundred day simple moving average is $169.26. The firm has a market capitalization of $69.99 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 4.41 and a beta of 1.07. Digital Realty Trust, Inc. has a 12-month low of $143.83 and a 12-month high of $204.21. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.4%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

About Digital Realty Trust

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.