92,914 Shares in Digital Realty Trust, Inc. $DLR Purchased by Cornerstone Advisors LLC

Cornerstone Advisors LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 92,914 shares of the real estate investment trust’s stock, valued at approximately $16,685,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Digital Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock valued at $8,394,620,000 after buying an additional 854,828 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $7,277,032,000. Cohen & Steers Inc. grew its holdings in shares of Digital Realty Trust by 18.0% in the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after acquiring an additional 4,276,073 shares during the period. Norges Bank purchased a new stake in Digital Realty Trust during the fourth quarter valued at $3,402,995,000. Finally, State Street Corp increased its position in Digital Realty Trust by 1.1% during the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock valued at $3,219,256,000 after acquiring an additional 231,933 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.9%

DLR opened at $198.36 on Tuesday. The stock has a market cap of $73.40 billion, a price-to-earnings ratio of 96.29, a price-to-earnings-growth ratio of 5.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s fifty day moving average is $186.09 and its 200 day moving average is $184.77. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. BTIG Research initiated coverage on shares of Digital Realty Trust in a report on Friday, July 10th. They issued a “buy” rating and a $215.00 price objective on the stock. Cantor Fitzgerald boosted their target price on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Barclays upped their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $215.00 price target on shares of Digital Realty Trust in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $219.13.

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.