Korea Investment CORP Takes $41.93 Million Position in Digital Realty Trust, Inc. $DLR

Korea Investment CORP bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 233,465 shares of the real estate investment trust’s stock, valued at approximately $41,926,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth about $7,277,032,000. Norges Bank bought a new stake in Digital Realty Trust during the 4th quarter valued at about $3,402,995,000. Cohen & Steers Inc. increased its stake in Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Digital Realty Trust by 686.0% in the third 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 during the last quarter. Finally, Deutsche Bank AG purchased a new position in Digital Realty Trust in the second quarter worth about $408,371,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 1.8%

DLR opened at $190.81 on Friday. The company has a market capitalization of $70.79 billion, a PE ratio of 92.63, a price-to-earnings-growth ratio of 5.40 and a beta of 1.03. The firm has a 50-day simple moving average of $186.89 and a two-hundred day simple moving average of $185.41. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the firm posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 236.89%.

Analyst Ratings Changes

Several analysts have commented on the company. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Wednesday, July 15th. BTIG Research began coverage on Digital Realty Trust in a research report on Friday, July 10th. They set a “buy” rating and a $215.00 price objective for the company. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Finally, Truist Financial reduced their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. One 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $219.45.

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.