Harbor Investment Advisory LLC Trims Stake in Digital Realty Trust, Inc. $DLR

Harbor Investment Advisory LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 28.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,979 shares of the real estate investment trust’s stock after selling 5,608 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Digital Realty Trust were worth $2,163,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $3,808,270,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Digital Realty Trust by 686.0% in the 3rd 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 worth $831,123,000 after buying an additional 4,195,862 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Digital Realty Trust by 581.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock worth $166,159,000 after acquiring an additional 819,982 shares in the last quarter. Prudential Financial Inc. lifted its position in Digital Realty Trust by 87.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock valued at $253,926,000 after acquiring an additional 677,483 shares during the period. Finally, Resolution Capital Ltd boosted its stake 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 worth $517,345,000 after acquiring an additional 596,420 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of analyst reports. TD Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research report on Friday, February 6th. Barclays increased their target price on Digital Realty Trust from $164.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on Digital Realty Trust from $188.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Scotiabank reduced their price objective on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. Finally, HSBC set a $193.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $194.68.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $173.17 on Friday. The firm’s 50-day moving average price is $172.05 and its 200-day moving average price is $167.24. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $184.79. The company has a market cap of $59.50 billion, a PE ratio of 48.10, a PEG ratio of 3.98 and a beta of 1.12. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio is currently 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.