Rakuten Investment Management Inc. Takes Position in Digital Realty Trust, Inc. $DLR

Rakuten Investment Management Inc. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 54,792 shares of the real estate investment trust’s stock, valued at approximately $10,442,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Digital Realty Trust during the second quarter valued at $7,277,032,000. Norges Bank bought a new stake in shares of Digital Realty Trust in the 4th quarter worth about $3,402,995,000. Bank of America Corp DE purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $1,605,671,000. Canada Pension Plan Investment Board bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $1,178,095,000. Finally, Cohen & Steers Inc. grew its position in Digital Realty Trust by 18.0% in the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after acquiring an additional 4,276,073 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 3.6%

Shares of DLR opened at $185.26 on Friday. The firm has a market capitalization of $68.73 billion, a price-to-earnings ratio of 89.93, a PEG ratio of 5.26 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 has a 50-day moving average of $187.16 and a 200 day moving average of $186.24.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior 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, research analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Evercore restated an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a report on Tuesday, August 18th. Finally, BTIG Research assumed coverage on shares of Digital Realty Trust in a report on Friday, July 10th. They set a “buy” rating and a $215.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently 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.