Northstar Asset Management Inc. Sells 3,003 Shares of Digital Realty Trust, Inc. $DLR

Northstar Asset Management Inc. lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,811 shares of the real estate investment trust’s stock after selling 3,003 shares during the period. Digital Realty Trust comprises 1.0% of Northstar Asset Management Inc.’s holdings, making the stock its 27th largest holding. Northstar Asset Management Inc.’s holdings in Digital Realty Trust were worth $3,558,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DLR. Sunbelt Securities Inc. raised its position in 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 worth $28,000 after purchasing an additional 125 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Digital Realty Trust in the second quarter valued at about $29,000. Bell Investment Advisors Inc raised its position in shares of Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd lifted 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 acquiring an additional 165 shares during the period. Finally, Solstein Capital LLC bought a new stake in 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $229.00 target price on shares of Digital Realty Trust in a research note on Monday, July 27th. Mizuho set a $223.00 price target on Digital Realty Trust in a report on Monday, August 10th. Wells Fargo & Company raised shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. Barclays lifted their price objective on shares of Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. Finally, KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust Stock Down 3.6%

DLR stock opened at $185.26 on Friday. The stock’s 50 day simple moving average is $187.16 and its 200 day simple moving average is $186.24. The company has a market cap of $68.73 billion, a P/E ratio of 89.93, a price-to-earnings-growth ratio of 5.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company’s revenue was up 28.9% on a year-over-year basis. During the same period last year, the business posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, research analysts expect 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. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s payout ratio is 236.89%.

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.