Prudential PLC Buys 17,258 Shares of Digital Realty Trust, Inc. $DLR

Prudential PLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,544 shares of the real estate investment trust’s stock after purchasing an additional 17,258 shares during the quarter. Prudential PLC’s holdings in Digital Realty Trust were worth $18,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Security National Bank of Sioux City Iowa IA raised its position in shares of Digital Realty Trust by 0.4% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock valued at $2,478,000 after purchasing an additional 60 shares during the period. Commons Capital LLC boosted its holdings in shares of Digital Realty Trust by 4.6% during the 3rd quarter. Commons Capital LLC now owns 1,463 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 64 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Digital Realty Trust by 11.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 646 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 65 shares during the period. Zions Bancorporation National Association UT grew its stake in Digital Realty Trust by 12.5% in the 3rd quarter. Zions Bancorporation National Association UT now owns 585 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 65 shares during the last quarter. Finally, True North Advisors LLC raised its holdings in Digital Realty Trust by 5.4% in the 3rd quarter. True North Advisors LLC now owns 1,302 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $179.62 on Friday. The firm’s 50-day moving average is $169.75 and its 200-day moving average is $166.89. The company has a market cap of $61.72 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 3.99 and a beta of 1.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $184.79.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued 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 is Friday, March 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DLR. KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. Truist Financial lifted their price objective on Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Raymond James Financial reissued a “strong-buy” rating and set a $210.00 price objective on shares of Digital Realty Trust in a research report on Thursday. Scotiabank lowered their target price on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Finally, Jefferies Financial Group lifted their price target on Digital Realty Trust from $184.00 to $189.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.96.

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.