Novare Capital Management LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 20.0% in the 4th quarter, HoldingsChannel reports. The firm owned 12,889 shares of the real estate investment trust’s stock after selling 3,229 shares during the period. Novare Capital Management LLC’s holdings in Digital Realty Trust were worth $1,994,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in shares of Digital Realty Trust by 7.1% during the 3rd quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock worth $40,379,000 after purchasing an additional 15,569 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Digital Realty Trust by 13.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock worth $25,545,000 after purchasing an additional 17,729 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Digital Realty Trust by 5.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock worth $539,190,000 after purchasing an additional 149,770 shares during the period. Gallacher Capital Management LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $762,000. Finally, Paralel Advisors LLC grew its holdings in shares of Digital Realty Trust by 63.6% during the 3rd quarter. Paralel Advisors LLC now owns 27,000 shares of the real estate investment trust’s stock worth $4,668,000 after purchasing an additional 10,500 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.
Wall Street Analyst Weigh In
DLR has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $215.00 price target on shares of Digital Realty Trust in a report on Friday, April 24th. Mizuho upped their price target on Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a report on Thursday, January 29th. BNP Paribas Exane upped their price target on Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Wolfe Research upped their price target on Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $214.41.
Digital Realty Trust Stock Performance
Digital Realty Trust stock opened at $188.52 on Friday. The stock has a market cap of $66.25 billion, a P/E ratio of 49.74, a price-to-earnings-growth ratio of 5.24 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $187.67 and a 200-day moving average of $172.16. 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, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The business’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 8.06 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The firm also recently announced 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. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s dividend payout ratio is 128.76%.
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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