The Manufacturers Life Insurance Company Acquires New Shares in Digital Realty Trust, Inc. $DLR

The Manufacturers Life Insurance Company bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 478,734 shares of the real estate investment trust’s stock, valued at approximately $85,971,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. Sunbelt Securities Inc. boosted its stake in shares of Digital Realty Trust by 347.2% in 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. Gables Capital Management Inc. acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc boosted its position in 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 valued at $31,000 after buying an additional 62 shares during the period. Harvest Fund Management Co. Ltd boosted its position in Digital Realty Trust by 970.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 165 shares during the period. Finally, Solstein Capital LLC acquired a new position in shares of Digital Realty Trust in the second quarter worth $32,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the topic of several analyst reports. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a report on Friday, July 24th. BTIG Research began coverage on Digital Realty Trust in a research note on Friday, July 10th. They issued a “buy” rating and a $215.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $229.00 price objective on shares of Digital Realty Trust in a research report on Monday, July 27th. Finally, Truist Financial reduced their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $192.20 on Wednesday. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $71.30 billion, a PE ratio of 93.30, a price-to-earnings-growth ratio of 5.34 and a beta of 1.03. The business’s fifty day moving average price is $187.01 and its 200 day moving average price is $185.90.

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 return on equity of 3.34% and a net margin of 11.80%.The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company posted $1.87 earnings per share. The company’s revenue was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm 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 yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 236.89%.

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.