Sterling Capital Management LLC Trims Stock Holdings in Digital Realty Trust, Inc. $DLR

Sterling Capital Management LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 19.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,556 shares of the real estate investment trust’s stock after selling 10,826 shares during the period. Sterling Capital Management LLC’s holdings in Digital Realty Trust were worth $7,849,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DLR. Sunbelt Securities Inc. increased its position in shares of Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in 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 buying an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Digital Realty Trust by 970.6% in 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 acquired a new stake in shares of Digital Realty Trust during the 3rd quarter valued at approximately $34,000. Finally, MCF Advisors LLC acquired a new position in Digital Realty Trust in the fourth quarter worth $35,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

NYSE DLR opened at $193.16 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $192.20 and a 200 day simple moving average of $177.43. The company has a market cap of $67.88 billion, a P/E ratio of 50.97, a P/E/G ratio of 5.23 and a beta of 1.02. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 8.05 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s payout ratio is currently 128.76%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLR. Mizuho increased their price objective on shares of Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Digital Realty Trust from $196.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wells Fargo & Company raised their target price on Digital Realty Trust from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein increased their price objective on shares of Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane boosted their target price on shares of Digital Realty Trust from $196.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $216.52.

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.