VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 98,533 Digital Realty Trust, Inc. $DLR

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 98,533 shares of the real estate investment trust’s stock, valued at approximately $17,695,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. grew its position in Digital Realty Trust by 40.6% during the second quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust’s stock worth $15,978,000 after buying an additional 25,667 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at approximately $3,286,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Digital Realty Trust by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust’s stock worth $92,557,000 after acquiring an additional 20,735 shares during the period. Legal & General Group Plc lifted its position in shares of Digital Realty Trust by 5.9% in the 4th quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust’s stock worth $619,956,000 after acquiring an additional 224,688 shares during the period. Finally, Norges Bank acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $3,402,995,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays boosted their price objective on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Argus raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a report on Wednesday, August 5th. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $192.00 to $222.00 in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $219.45.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Down 0.0%

Shares of DLR opened at $188.35 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market cap of $69.88 billion, a PE ratio of 91.43, a PEG ratio of 3.61 and a beta of 1.02. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The stock has a 50 day simple moving average of $186.31 and a 200-day simple moving average of $186.68.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned $1.87 earnings per share. The business’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, sell-side analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared 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. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 236.89%.

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.