Lasalle Investment Management Securities LLC Reduces Position in Digital Realty Trust, Inc. $DLR

Lasalle Investment Management Securities LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 514,710 shares of the real estate investment trust’s stock after selling 11,519 shares during the period. Digital Realty Trust makes up approximately 3.5% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 11th largest position. Lasalle Investment Management Securities LLC’s holdings in Digital Realty Trust were worth $88,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DLR. APG Asset Management US Inc. increased its holdings in shares of Digital Realty Trust by 0.3% in the third 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 purchasing an additional 23,430 shares during the last quarter. Harvest Portfolios Group Inc. grew its holdings in Digital Realty Trust by 2.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 10,809 shares of the real estate investment trust’s stock valued at $1,869,000 after buying an additional 264 shares in the last quarter. Huntington National Bank increased its stake in shares of Digital Realty Trust by 6.3% in the 3rd quarter. Huntington National Bank now owns 256,603 shares of the real estate investment trust’s stock worth $44,361,000 after acquiring an additional 15,228 shares during the last quarter. Ninepoint Partners LP acquired a new stake in shares of Digital Realty Trust in the 3rd quarter worth $1,532,000. Finally, Dunhill Financial LLC raised its holdings in shares of Digital Realty Trust by 42.4% during the 3rd quarter. Dunhill Financial LLC now owns 386 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 115 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLR has been the subject of a number of analyst reports. Raymond James Financial dropped their price objective on shares of Digital Realty Trust from $205.00 to $195.00 and set a “strong-buy” rating for the company in a report on Wednesday, February 11th. Mizuho dropped their price target on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Digital Realty Trust in a report on Monday, January 5th. They set a “buy” rating and a $180.00 price target for the company. Citigroup decreased their price objective on Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Truist Financial increased their price objective on Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.33.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Stock Up 0.4%

NYSE:DLR opened at $177.03 on Friday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $184.79. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average is $164.77 and its two-hundred day moving average is $165.95. The stock has a market capitalization of $60.83 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 3.92 and a beta of 1.12.

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

Digital Realty Trust Dividend Announcement

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

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.