Legal & General Group Plc Buys 224,688 Shares of Digital Realty Trust, Inc. $DLR

Legal & General Group Plc raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,007,211 shares of the real estate investment trust’s stock after purchasing an additional 224,688 shares during the period. Legal & General Group Plc’s holdings in Digital Realty Trust were worth $619,956,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in 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 purchasing an additional 125 shares during the period. Harvest Fund Management Co. Ltd grew its holdings 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 during the period. Caitong International Asset Management Co. Ltd bought a new stake in Digital Realty Trust during the third quarter valued at about $34,000. Hantz Financial Services Inc. grew its holdings in Digital Realty Trust by 157.4% during the fourth quarter. Hantz Financial Services Inc. now owns 242 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 148 shares during the period. Finally, Salomon & Ludwin LLC grew its holdings in Digital Realty Trust by 63.5% during the fourth quarter. Salomon & Ludwin LLC now owns 255 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 99 shares during the period. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. Citizens Jmp boosted their price target on Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a report on Monday, April 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Jefferies Financial Group upped their price objective on Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Morgan Stanley upped their price objective on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, Scotiabank upped their price objective on Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.89.

Digital Realty Trust Stock Performance

NYSE DLR opened at $192.14 on Tuesday. The firm has a market cap of $67.52 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 5.22 and a beta of 1.06. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $188.99 and a 200-day moving average price of $172.96. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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 return on equity of 6.05% and a net margin of 21.73%.The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The business’s quarterly revenue 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. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 8.06 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Digital Realty Trust 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.