Vestcor Inc Reduces Stake in Digital Realty Trust, Inc. $DLR

Vestcor Inc reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 15.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 34,927 shares of the real estate investment trust’s stock after selling 6,549 shares during the period. Vestcor Inc’s holdings in Digital Realty Trust were worth $6,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. Security National Bank of Sioux City Iowa IA lifted its stake in shares of Digital Realty Trust by 0.4% in the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock valued at $2,478,000 after purchasing an additional 60 shares during the last quarter. Commons Capital LLC increased its position in shares of Digital Realty Trust by 4.6% during the 3rd quarter. Commons Capital LLC now owns 1,463 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 64 shares during the last quarter. Zions Bancorporation National Association UT raised its holdings in Digital Realty Trust by 14.3% during the 2nd quarter. Zions Bancorporation National Association UT now owns 520 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 65 shares during the period. Physician Wealth Advisors Inc. raised its holdings in Digital Realty Trust by 11.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 646 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 65 shares during the period. Finally, True North Advisors LLC lifted its position in Digital Realty Trust by 5.4% in the third quarter. True North Advisors LLC now owns 1,302 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 67 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. UBS Group set a $189.00 target price on shares of Digital Realty Trust in a report on Wednesday, January 14th. Citigroup dropped their price target on shares of Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Weiss Ratings raised shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Three 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, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $193.36.

Digital Realty Trust Stock Performance

DLR stock opened at $179.33 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $167.75 and its two-hundred day simple moving average is $166.50. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $184.79. The firm has a market cap of $61.62 billion, a price-to-earnings ratio of 49.81, a PEG ratio of 3.90 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates 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 revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $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 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. Digital Realty Trust’s payout ratio is 135.56%.

Digital Realty Trust 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.