Spirit of America Management Corp NY Sells 4,250 Shares of Digital Realty Trust, Inc. $DLR

Spirit of America Management Corp NY decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 15.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,431 shares of the real estate investment trust’s stock after selling 4,250 shares during the period. Spirit of America Management Corp NY’s holdings in Digital Realty Trust were worth $3,470,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in shares of Digital Realty Trust by 7.1% in the third quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock valued at $40,379,000 after acquiring an additional 15,569 shares during the period. Jones Financial Companies Lllp boosted its stake 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. OFI Invest Asset Management grew its holdings in Digital Realty Trust by 37,575.7% during the 3rd quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock valued at $46,896,000 after purchasing an additional 270,545 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in 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 valued at $539,190,000 after purchasing an additional 149,770 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new stake in Digital Realty Trust in the 3rd quarter worth about $762,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $175.30 on Tuesday. The firm’s 50 day simple moving average is $173.81 and its 200-day simple moving average is $167.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $184.79. The firm has a market cap of $60.24 billion, a PE ratio of 48.70, a price-to-earnings-growth ratio of 3.88 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last announced its quarterly 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. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $1.73 earnings per share. Digital Realty Trust’s quarterly revenue was up 13.8% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DLR. UBS Group set a $189.00 target price on Digital Realty Trust in a research report on Wednesday, January 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $210.00 price target on shares of Digital Realty Trust in a report on Thursday, March 12th. Truist Financial raised their price target on Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group upped their price objective on Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Digital Realty Trust in a research note on Monday, January 5th. They issued a “buy” rating and a $180.00 target price on the stock. Three 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.68.

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.