The Manufacturers Life Insurance Company Reduces Position in Digital Realty Trust, Inc. $DLR

The Manufacturers Life Insurance Company trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 459,208 shares of the real estate investment trust’s stock after selling 6,217 shares during the period. The Manufacturers Life Insurance Company’s holdings in Digital Realty Trust were worth $82,754,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DLR shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $215.00 price target on shares of Digital Realty Trust in a research report on Friday, April 24th. Truist Financial increased their price objective on Digital Realty Trust from $208.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Citizens Jmp raised their target price on Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research note on Monday, April 27th. Cantor Fitzgerald lifted their target price on Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $229.00 price target on shares of Digital Realty Trust in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.33.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $188.38 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 0.87. The stock has a market capitalization of $66.20 billion, a P/E ratio of 91.44, a PEG ratio of 5.48 and a beta of 1.03. The company has a 50 day moving average price of $184.80 and a 200 day moving average price of $181.68. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) 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 firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the firm earned $1.87 EPS. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 8.39 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.6%. Digital Realty Trust’s dividend payout ratio is presently 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.