Digital Realty Trust, Inc. $DLR Holdings Cut by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,946 shares of the real estate investment trust’s stock after selling 3,889 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Digital Realty Trust were worth $15,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Digital Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after buying an additional 854,828 shares in the last quarter. Bank of America Corp DE lifted its position in Digital Realty Trust by 6.6% in the 3rd quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock worth $1,543,914,000 after buying an additional 553,907 shares in the last quarter. APG Asset Management US Inc. lifted its position in Digital Realty Trust by 0.3% in the 3rd quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock worth $1,481,122,000 after buying an additional 23,430 shares in the last quarter. Northern Trust Corp lifted its position in Digital Realty Trust by 9.1% in the 3rd quarter. Northern Trust Corp now owns 5,647,534 shares of the real estate investment trust’s stock worth $976,346,000 after buying an additional 471,384 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $193.06 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm’s fifty day simple moving average is $187.26 and its 200 day simple moving average is $171.95. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $67.84 billion, a PE ratio of 50.94, a PEG ratio of 5.30 and a beta of 1.06.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. Digital Realty Trust’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the business posted $1.77 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.06 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DLR shares. UBS Group increased their target price on shares of Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald restated an “overweight” rating and set a $211.00 price target on shares of Digital Realty Trust in a report on Friday, May 1st. HSBC downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating and raised their price target for the company from $193.00 to $210.00 in a report on Monday, April 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $215.00 price target on shares of Digital Realty Trust in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $214.37.

About Digital Realty Trust

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.