BROOKFIELD Corp ON Trims Position in Digital Realty Trust, Inc. $DLR

BROOKFIELD Corp ON decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 124,348 shares of the real estate investment trust’s stock after selling 21,429 shares during the quarter. BROOKFIELD Corp ON’s holdings in Digital Realty Trust were worth $17,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLR. Bison Wealth LLC grew its holdings in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 390 shares during the period. Janus Henderson Group PLC boosted its position in shares of Digital Realty Trust by 4.9% in the fourth quarter. Janus Henderson Group PLC now owns 106,824 shares of the real estate investment trust’s stock worth $18,944,000 after buying an additional 5,009 shares during the period. NorthRock Partners LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $537,000. Nomura Holdings Inc. increased its position in shares of Digital Realty Trust by 12.1% during the fourth quarter. Nomura Holdings Inc. now owns 46,510 shares of the real estate investment trust’s stock worth $8,248,000 after acquiring an additional 5,010 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Digital Realty Trust by 3.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 84,201 shares of the real estate investment trust’s stock worth $15,000,000 after acquiring an additional 2,663 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on DLR shares. Bank of America started coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a “buy” rating and a $210.00 price target on the stock. Guggenheim started coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating on the stock. Raymond James Financial lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Friday, July 25th. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Finally, Barclays increased their price target on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.74.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $174.66 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market cap of $59.57 billion, a price-to-earnings ratio of 45.84, a P/E/G ratio of 5.00 and a beta of 0.96. The business’s 50-day simple moving average is $170.46 and its 200-day simple moving average is $163.67. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio is currently 128.08%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.