Naviter Wealth LLC Sells 3,358 Shares of Digital Realty Trust, Inc. $DLR

Naviter Wealth LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,702 shares of the real estate investment trust’s stock after selling 3,358 shares during the period. Naviter Wealth LLC’s holdings in Digital Realty Trust were worth $3,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. New York State Common Retirement Fund boosted its stake in Digital Realty Trust by 7.1% during 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 buying an additional 15,569 shares during the last quarter. Jones Financial Companies Lllp raised its position in Digital Realty Trust by 13.5% during the third quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock valued at $25,545,000 after purchasing an additional 17,729 shares during the period. OFI Invest Asset Management raised its position in Digital Realty Trust by 37,575.7% during the third 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 period. Centersquare Investment Management LLC raised its position in Digital Realty Trust by 5.0% during the third 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 period. Finally, Gallacher Capital Management LLC purchased a new stake in Digital Realty Trust during the third quarter valued at approximately $762,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.1%

Shares of NYSE DLR opened at $182.14 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 1.59. The business’s 50 day moving average price is $176.34 and its 200-day moving average price is $168.05. Digital Realty Trust, Inc. has a fifty-two week low of $130.88 and a fifty-two week high of $184.79. The company has a market cap of $62.59 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 4.02 and a beta of 1.07.

Digital Realty Trust (NYSE:DLRGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, March 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Trending Headlines about Digital Realty Trust

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DLR. Truist Financial began coverage on Digital Realty Trust in a research report on Tuesday, March 31st. They set a “buy” rating and a $207.00 price objective on the stock. Weiss Ratings upgraded Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Raymond James Financial restated a “strong-buy” rating and set a $210.00 price objective on shares of Digital Realty Trust in a research report on Thursday, March 12th. Scotiabank decreased their price objective on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 14th. Finally, Mizuho decreased their price objective on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.56.

View Our Latest Research Report on DLR

Digital Realty Trust Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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