Rakuten Investment Management Inc. Purchases Shares of 54,792 Digital Realty Trust, Inc. $DLR

Rakuten Investment Management Inc. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,792 shares of the real estate investment trust’s stock, valued at approximately $10,442,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Gables Capital Management Inc. bought a new position in Digital Realty Trust in the second quarter worth approximately $29,000. Sunbelt Securities Inc. grew its position in shares of Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 125 shares during the period. Bell Investment Advisors Inc increased its stake in shares of Digital Realty Trust by 56.9% in the 1st 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 in the last quarter. Solstein Capital LLC bought a new position in Digital Realty Trust in the 2nd quarter worth $32,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 3.6%

NYSE DLR opened at $185.26 on Friday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market cap of $68.73 billion, a PE ratio of 89.93, a P/E/G ratio of 5.26 and a beta of 1.03. The stock’s 50 day moving average is $187.16 and its 200 day moving average is $186.24.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the business earned $1.87 EPS. The company’s quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on DLR. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. BTIG Research initiated coverage on Digital Realty Trust in a research note on Friday, July 10th. They set a “buy” rating and a $215.00 price objective for the company. KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. Finally, TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.

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.