Northstar Asset Management Inc. Has $3.56 Million Holdings in Digital Realty Trust, Inc. $DLR

Northstar Asset Management Inc. trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,811 shares of the real estate investment trust’s stock after selling 3,003 shares during the quarter. Digital Realty Trust comprises about 1.0% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 27th largest holding. Northstar Asset Management Inc.’s holdings in Digital Realty Trust were worth $3,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DLR. BlackRock Inc. bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $7,277,032,000. Cohen & Steers Inc. increased its position in shares of 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 purchasing an additional 4,276,073 shares during the period. Norges Bank acquired a new position in Digital Realty Trust in the fourth quarter valued at about $3,402,995,000. State Street Corp lifted its position in Digital Realty Trust by 1.1% during the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock worth $3,219,256,000 after purchasing an additional 231,933 shares during the period. Finally, Bank of America Corp DE lifted its position in Digital Realty Trust by 6.0% during the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock worth $1,706,714,000 after purchasing an additional 534,158 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $229.00 target price on shares of Digital Realty Trust in a research report on Monday, July 27th. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. HSBC raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, Wells Fargo & Company raised Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.

Digital Realty Trust Trading Down 3.6%

Shares of Digital Realty Trust stock opened at $185.26 on Friday. The firm’s 50 day moving average is $187.16 and its 200 day moving average is $186.24. The firm has a market capitalization of $68.73 billion, a PE ratio of 89.93, a price-to-earnings-growth ratio of 5.44 and a beta of 1.03. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust’s revenue for the quarter was up 28.9% on a year-over-year basis. 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. Equities research analysts forecast that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Digital Realty Trust Profile

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.