Caisse de depot et placement du Quebec purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 67,613 shares of the real estate investment trust’s stock, valued at approximately $12,142,000.
Several other institutional investors have also added to or reduced their stakes in DLR. BlackRock Inc. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $7,277,032,000. Norges Bank acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $3,402,995,000. Canada Pension Plan Investment Board acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $1,178,095,000. Cohen & Steers Inc. lifted its position in shares of Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Digital Realty Trust by 686.0% in 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 buying an additional 4,195,862 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have issued reports on DLR. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Barclays lifted their price target on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Wednesday, July 15th. Finally, Cantor Fitzgerald increased their price objective on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $219.45.
Digital Realty Trust Price Performance
Shares of DLR opened at $185.26 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market cap of $68.73 billion, a PE ratio of 89.93, a PEG ratio of 5.44 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 business has a 50-day simple moving average of $187.16 and a two-hundred day simple moving average of $186.24.
Digital Realty Trust (NYSE:DLR – Get Free Report) last announced 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 net margin of 11.80% and a return on equity of 3.34%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business posted $1.87 earnings per share. The business’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. Analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s payout ratio is presently 236.89%.
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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