Sound Income Strategies LLC Acquires 15,321 Shares of Digital Realty Trust, Inc. $DLR

Sound Income Strategies LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,099 shares of the real estate investment trust’s stock after buying an additional 15,321 shares during the quarter. Sound Income Strategies LLC’s holdings in Digital Realty Trust were worth $16,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Digital Realty Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 53,405,531 shares of the real estate investment trust’s stock worth $9,232,748,000 after buying an additional 512,974 shares during the last quarter. State Street Corp grew its stake in Digital Realty Trust by 1.9% during the second quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock worth $3,557,336,000 after buying an additional 376,699 shares during the last quarter. Bank of America Corp DE grew its stake in Digital Realty Trust by 6.6% during the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock worth $1,543,914,000 after buying an additional 553,907 shares during the last quarter. APG Asset Management US Inc. grew its stake in Digital Realty Trust by 0.3% during the third quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust’s stock worth $1,481,122,000 after buying an additional 23,430 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Digital Realty Trust by 3.0% during the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock worth $1,282,446,000 after buying an additional 211,692 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DLR. Citigroup decreased their price objective on shares of Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Moffett Nathanson upped their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $184.00 to $189.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings raised shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.88.

Digital Realty Trust Price Performance

DLR opened at $182.15 on Tuesday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50 day simple moving average is $175.97 and its 200-day simple moving average is $167.98. The stock has a market capitalization of $62.59 billion, a P/E ratio of 50.60, a price-to-earnings-growth ratio of 4.02 and a beta of 1.07.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 EPS for the quarter, beating the consensus estimate of $1.83 by $0.03. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm earned $1.73 earnings per share. Digital Realty Trust’s revenue was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, March 13th. Digital Realty Trust’s dividend payout ratio is 135.56%.

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.