Citigroup Inc. Cuts Position in Digital Realty Trust, Inc. $DLR

Citigroup Inc. decreased its position in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 624,684 shares of the real estate investment trust’s stock after selling 46,603 shares during the quarter. Citigroup Inc.’s holdings in Digital Realty Trust were worth $107,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Digital Realty Trust during the 2nd quarter valued at $3,808,270,000. Prudential Financial Inc. raised its stake in shares of Digital Realty Trust by 87.0% in the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock valued at $253,926,000 after acquiring an additional 677,483 shares during the period. Resolution Capital Ltd lifted its holdings in shares of Digital Realty Trust by 25.2% in the 2nd quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after acquiring an additional 596,420 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after purchasing an additional 513,697 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Digital Realty Trust during the 2nd quarter valued at about $82,337,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Down 0.7%

DLR opened at $175.65 on Monday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $184.79. The stock has a fifty day moving average price of $162.02 and a 200-day moving average price of $165.65. The firm has a market cap of $60.35 billion, a price-to-earnings ratio of 48.79, a PEG ratio of 3.89 and a beta of 1.12. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLRGet Free Report) last posted its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.03. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, March 13th. Digital Realty Trust’s payout ratio is 135.56%.

Digital Realty Trust News Summary

Here are the key news stories impacting Digital Realty Trust this week:

Wall Street Analyst Weigh In

Several brokerages have issued reports on DLR. Deutsche Bank Aktiengesellschaft started coverage on shares of Digital Realty Trust in a research note on Monday, January 5th. They issued a “buy” rating and a $180.00 price objective for the company. Barclays raised Digital Realty Trust from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $161.00 to $164.00 in a research note on Tuesday, January 13th. Loop Capital set a $205.00 price objective on Digital Realty Trust in a report on Monday, October 27th. HSBC set a $193.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Jefferies Financial Group lifted their price objective on Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.33.

Get Our Latest Analysis on DLR

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

About Digital Realty Trust

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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