Sound Income Strategies LLC Has $19.35 Million Holdings in Digital Realty Trust, Inc. $DLR

Sound Income Strategies LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,212 shares of the real estate investment trust’s stock after acquiring an additional 4,113 shares during the period. Sound Income Strategies LLC’s holdings in Digital Realty Trust were worth $19,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DLR. Nordea Investment Management AB grew its stake in shares of Digital Realty Trust by 53.1% during the fourth quarter. Nordea Investment Management AB now owns 673,347 shares of the real estate investment trust’s stock worth $104,288,000 after buying an additional 233,676 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Digital Realty Trust by 6.6% during the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock worth $1,543,914,000 after buying an additional 553,907 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Digital Realty Trust in the 3rd quarter valued at $3,093,000. Barclays PLC lifted its stake in shares of Digital Realty Trust by 90.2% in the 3rd quarter. Barclays PLC now owns 1,047,177 shares of the real estate investment trust’s stock valued at $181,036,000 after acquiring an additional 496,534 shares during the last quarter. Finally, Delta Global Management LP acquired a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $2,485,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. BNP Paribas Exane boosted their price objective on Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Sanford C. Bernstein lifted their price target on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Evercore boosted their price target on Digital Realty Trust from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Raymond James Financial upped their price objective on Digital Realty Trust from $210.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Friday, April 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $211.00 price objective on shares of Digital Realty Trust in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.81.

Digital Realty Trust Stock Down 1.8%

Shares of NYSE:DLR opened at $173.09 on Friday. The firm has a market cap of $60.82 billion, a P/E ratio of 45.67, a P/E/G ratio of 4.79 and a beta of 1.03. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The business has a fifty day simple moving average of $190.43 and a 200 day simple moving average of $178.13. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $1.77 EPS. The business’s revenue was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Analysts predict that Digital Realty Trust, Inc. will post 8.05 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $1.22 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio is presently 128.76%.

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.