Pinnacle Associates Ltd. Has $15.93 Million Position in Digital Realty Trust, Inc. $DLR

Pinnacle Associates Ltd. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,946 shares of the real estate investment trust’s stock after selling 3,889 shares during the period. Pinnacle Associates Ltd.’s holdings in Digital Realty Trust were worth $15,927,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund boosted its position in shares of Digital Realty Trust by 7.1% during the 3rd 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 acquiring an additional 15,569 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Digital Realty Trust by 13.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock valued at $25,545,000 after acquiring an additional 17,729 shares in the last quarter. Centersquare Investment Management LLC boosted its position in shares of Digital Realty Trust by 5.0% during the 3rd 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 acquiring an additional 149,770 shares in the last quarter. Gallacher Capital Management LLC acquired a new stake in shares of Digital Realty Trust during the 3rd quarter valued at about $762,000. Finally, Paralel Advisors LLC boosted its position in shares of Digital Realty Trust by 63.6% during the 3rd quarter. Paralel Advisors LLC now owns 27,000 shares of the real estate investment trust’s stock valued at $4,668,000 after acquiring an additional 10,500 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 1.1%

DLR opened at $193.06 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market cap of $67.84 billion, a price-to-earnings ratio of 50.94, a price-to-earnings-growth ratio of 5.30 and a beta of 1.06. The firm has a 50 day simple moving average of $187.26 and a 200 day simple moving average of $171.95. 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 posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. Digital Realty Trust’s revenue for the quarter was up 16.2% compared to the same quarter last year. 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 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore lifted their target price on shares of Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Mizuho boosted their price target on shares of Digital Realty Trust from $180.00 to $217.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. TD Cowen boosted their price target on shares of Digital Realty Trust from $185.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. Finally, Wolfe Research boosted their price target on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.