Pinnacle Associates Ltd. Sells 4,007 Shares of Digital Realty Trust, Inc. $DLR

Pinnacle Associates Ltd. cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 106,835 shares of the real estate investment trust’s stock after selling 4,007 shares during the period. Pinnacle Associates Ltd.’s holdings in Digital Realty Trust were worth $18,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG grew its position in shares of Digital Realty Trust by 4.6% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 43,148 shares of the real estate investment trust’s stock valued at $7,459,000 after purchasing an additional 1,908 shares during the period. Vinva Investment Management Ltd raised its holdings in Digital Realty Trust by 19.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 21,616 shares of the real estate investment trust’s stock worth $3,677,000 after buying an additional 3,574 shares during the period. Parallel Advisors LLC lifted its stake in Digital Realty Trust by 5.3% in the third quarter. Parallel Advisors LLC now owns 4,785 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 241 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Digital Realty Trust by 3.8% in the third quarter. Natixis Advisors LLC now owns 231,619 shares of the real estate investment trust’s stock valued at $40,043,000 after buying an additional 8,400 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Digital Realty Trust in the third quarter valued at approximately $3,093,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR opened at $176.21 on Monday. The stock has a market capitalization of $60.55 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 3.90 and a beta of 1.12. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $184.79. The firm has a fifty day simple moving average of $167.28 and a 200 day simple moving average of $166.39. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81.

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

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given 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 dividend yield of 2.8%. Digital Realty Trust’s payout ratio is currently 135.56%.

Analysts Set New Price Targets

A number of brokerages recently commented on DLR. UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a report on Wednesday, January 14th. Truist Financial upped their target price on shares of Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Bank of America reiterated a “neutral” rating and set a $170.00 target price (down from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Raymond James Financial dropped their price target on Digital Realty Trust from $205.00 to $195.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Scotiabank reduced their price objective on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.36.

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.