Legal & General Group Plc Purchases New Stake in Digital Realty Trust, Inc. $DLR

Legal & General Group Plc purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, Holdings Channel reports. The firm purchased 3,850,980 shares of the real estate investment trust’s stock, valued at approximately $691,559,000.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in shares of Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Gables Capital Management Inc. bought a new stake in shares of Digital Realty Trust during the second quarter worth about $29,000. Bell Investment Advisors Inc raised its stake in shares of Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Digital Realty Trust by 970.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 165 shares during the last quarter. Finally, Solstein Capital LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DLR. Evercore reiterated an “outperform” rating and set a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Scotiabank lifted their price objective on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Citizens Jmp increased their target price on shares of Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust Stock Performance

DLR stock opened at $188.52 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market cap of $69.94 billion, a PE ratio of 91.51, a P/E/G ratio of 5.40 and a beta of 1.03. The business has a 50 day moving average of $186.97 and a 200-day moving average of $185.72. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month 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 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The business had revenue of $1.92 billion for 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 business’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s payout ratio is 236.89%.

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.