Naviter Wealth LLC Trims Position in Digital Realty Trust, Inc. $DLR

Naviter Wealth LLC lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,702 shares of the real estate investment trust’s stock after selling 3,358 shares during the quarter. 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 also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV increased its position in Digital Realty Trust by 4.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 10,608 shares of the real estate investment trust’s stock valued at $1,641,000 after acquiring an additional 461 shares during the last quarter. Lakeshore Capital Group Inc. increased its position in Digital Realty Trust by 2.1% during the fourth quarter. Lakeshore Capital Group Inc. now owns 3,915 shares of the real estate investment trust’s stock valued at $606,000 after acquiring an additional 80 shares during the last quarter. Sound Income Strategies LLC increased its position in Digital Realty Trust by 17.5% during the fourth quarter. Sound Income Strategies LLC now owns 103,099 shares of the real estate investment trust’s stock valued at $16,867,000 after acquiring an additional 15,321 shares during the last quarter. Independence Bank of Kentucky increased its position in Digital Realty Trust by 9.3% during the fourth quarter. Independence Bank of Kentucky now owns 2,269 shares of the real estate investment trust’s stock valued at $351,000 after acquiring an additional 194 shares during the last quarter. Finally, Nvwm LLC increased its position in Digital Realty Trust by 2.3% during the fourth quarter. Nvwm LLC now owns 3,574 shares of the real estate investment trust’s stock valued at $553,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DLR shares. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. The Goldman Sachs Group upped 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. HSBC set a $193.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a research report on Thursday, January 15th. Bank of America restated a “neutral” rating and issued a $170.00 price target (down from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. Finally, TD Cowen restated a “hold” rating on shares of Digital Realty Trust in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $195.56.

Read Our Latest Research Report on Digital Realty Trust

Digital Realty Trust Stock Performance

Shares of DLR opened at $182.14 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $176.34 and a two-hundred day simple moving average of $168.05. The stock 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, Inc. has a 52 week low of $130.88 and a 52 week high of $184.79.

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

Digital Realty Trust Dividend Announcement

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

Digital Realty Trust News Roundup

Here are the key news stories impacting Digital Realty Trust this week:

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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