Pictet Asset Management Holding SA Lowers Stake in Digital Realty Trust, Inc. $DLR

Pictet Asset Management Holding SA decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 43.0% during the first quarter, Holdings Channel reports. The firm owned 1,130,488 shares of the real estate investment trust’s stock after selling 853,206 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Digital Realty Trust were worth $203,725,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in shares of Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares during the period. Bell Investment Advisors Inc grew its position in Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Digital Realty Trust by 970.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 165 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Digital Realty Trust during the third quarter worth about $34,000. Finally, MCF Advisors LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth about $35,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.4%

Shares of Digital Realty Trust stock opened at $193.16 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The company has a market capitalization of $67.88 billion, a P/E ratio of 50.97, a P/E/G ratio of 5.24 and a beta of 1.02. The company has a 50 day moving average of $192.20 and a 200 day moving average of $177.43.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 8.05 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio is currently 128.76%.

Analysts Set New Price Targets

Several research firms have recently commented on DLR. Wolfe Research raised their price objective on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Morgan Stanley upped their target price on shares of Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. TD Cowen boosted 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. Finally, Raymond James Financial upped their price objective on Digital Realty Trust from $210.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 24th. One investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $216.52.

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.