Equitable Holdings Inc. Takes Position in Digital Realty Trust, Inc. $DLR

Equitable Holdings Inc. bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 35,325 shares of the real estate investment trust’s stock, valued at approximately $6,344,000.

Several other hedge funds also recently added to or reduced their stakes in DLR. BlackRock Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $7,277,032,000. Cohen & Steers Inc. grew its position in shares of Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. Norges Bank purchased a new position in Digital Realty Trust during the 4th quarter valued at about $3,402,995,000. State Street Corp increased its holdings in Digital Realty Trust by 1.1% during the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock valued at $3,219,256,000 after buying an additional 231,933 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after acquiring an additional 534,158 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR opened at $192.12 on Friday. The firm has a market capitalization of $71.28 billion, a PE ratio of 93.26, a price-to-earnings-growth ratio of 5.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company’s fifty day moving average price is $187.21 and its 200-day moving average price is $186.25.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $1.87 earnings per share. Digital Realty Trust’s revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. Digital Realty Trust’s payout ratio is 236.89%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. HSBC raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $210.00 to $240.00 in a research report on Thursday, August 13th. Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Wednesday, July 15th. TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $192.00 to $222.00 in a research report on Friday, July 24th. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Finally, BTIG Research started coverage on Digital Realty Trust in a research note on Friday, July 10th. They set a “buy” rating and a $215.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $219.45.

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.