DNB Asset Management AS Has $16.91 Million Holdings in Digital Realty Trust, Inc. $DLR

DNB Asset Management AS grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,266 shares of the real estate investment trust’s stock after purchasing an additional 14,355 shares during the period. DNB Asset Management AS’s holdings in Digital Realty Trust were worth $16,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Lockheed Martin Investment Management Co. grew its stake in shares of Digital Realty Trust by 12.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 19,320 shares of the real estate investment trust’s stock valued at $2,989,000 after buying an additional 2,080 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Digital Realty Trust by 1.0% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,316 shares of the real estate investment trust’s stock valued at $1,596,000 after buying an additional 99 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Digital Realty Trust by 5,759.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust’s stock valued at $210,066,000 after buying an additional 1,334,632 shares in the last quarter. Conning Inc. grew its stake in shares of Digital Realty Trust by 34.0% in the fourth quarter. Conning Inc. now owns 1,640 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 416 shares in the last quarter. Finally, Western Wealth Management LLC grew its stake in shares of Digital Realty Trust by 9.1% in the fourth quarter. Western Wealth Management LLC now owns 4,680 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 392 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLR. The Goldman Sachs Group reissued a “buy” rating and issued a $215.00 target price on shares of Digital Realty Trust in a research note on Friday, April 24th. Barclays raised their target price on shares of Digital Realty Trust from $182.00 to $189.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Scotiabank raised their target price on shares of Digital Realty Trust from $195.00 to $222.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.41.

Digital Realty Trust Stock Performance

NYSE DLR opened at $188.52 on Friday. The firm has a 50-day moving average of $187.67 and a 200-day moving average of $172.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $66.25 billion, a PE ratio of 49.74, a P/E/G ratio of 5.12 and a beta of 1.06. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. Digital Realty Trust’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.06 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.

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.