Novare Capital Management LLC Lowers Holdings in Digital Realty Trust, Inc. $DLR

Novare Capital Management LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,889 shares of the real estate investment trust’s stock after selling 3,229 shares during the period. Novare Capital Management LLC’s holdings in Digital Realty Trust were worth $1,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Digital Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock valued at $8,394,620,000 after buying an additional 854,828 shares during the last quarter. Bank of America Corp DE grew its position in Digital Realty Trust by 6.6% in the 3rd quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock valued at $1,543,914,000 after buying an additional 553,907 shares during the last quarter. APG Asset Management US Inc. grew its position in Digital Realty Trust by 0.3% in the 3rd quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock valued at $1,481,122,000 after buying an additional 23,430 shares during the last quarter. Northern Trust Corp grew its position in Digital Realty Trust by 9.1% in the 3rd quarter. Northern Trust Corp now owns 5,647,534 shares of the real estate investment trust’s stock valued at $976,346,000 after buying an additional 471,384 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Digital Realty Trust by 686.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after buying an additional 4,195,862 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. BMO Capital Markets boosted their target price on shares of Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Citizens Jmp upped their price target on shares of Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research note on Monday, April 27th. Sanford C. Bernstein upped their price target on shares of Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, TD Cowen upped their price target on shares of Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. One equities research 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.41.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $188.52 on Friday. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. 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 firm’s 50-day simple moving average is $187.67 and its 200 day simple moving average is $172.16. The firm has a market capitalization of $66.25 billion, a PE ratio of 49.74, a P/E/G ratio of 5.24 and a beta of 1.06.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business’s revenue for the quarter 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. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.6%. Digital Realty Trust’s 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.