The Manufacturers Life Insurance Company Takes $85.97 Million Position in Digital Realty Trust, Inc. $DLR

The Manufacturers Life Insurance Company bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 478,734 shares of the real estate investment trust’s stock, valued at approximately $85,971,000. The Manufacturers Life Insurance Company owned 0.13% of Digital Realty Trust as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Digital Realty Trust in the second quarter worth about $7,277,032,000. Norges Bank purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at about $3,402,995,000. Cohen & Steers Inc. raised its holdings in Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Digital Realty Trust by 686.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after purchasing an additional 4,195,862 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in Digital Realty Trust in the second quarter valued at approximately $408,371,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.9%

NYSE DLR opened at $192.20 on Wednesday. The business has a fifty day moving average price of $187.01 and a 200 day moving average price of $185.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $71.30 billion, a P/E ratio of 93.30, a P/E/G ratio of 5.34 and a beta of 1.03. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14.

Digital Realty Trust (NYSE:DLR) last released 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). The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.Digital Realty Trust’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 236.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLR. BTIG Research initiated coverage on Digital Realty Trust in a research report on Friday, July 10th. They issued a “buy” rating and a $215.00 price objective for the company. HSBC raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. Evercore restated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, August 18th. TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $192.00 to $222.00 in a report on Friday, July 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.