New York Life Investment Management LLC Boosts Position in Digital Realty Trust, Inc. $DLR

New York Life Investment Management LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,643 shares of the real estate investment trust’s stock after purchasing an additional 659 shares during the quarter. New York Life Investment Management LLC’s holdings in Digital Realty Trust were worth $8,306,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacific Heights Asset Management LLC boosted its position in Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after purchasing an additional 25,000 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Digital Realty Trust by 9.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock valued at $20,110,000 after acquiring an additional 12,289 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Digital Realty Trust by 71.2% in the first quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock valued at $3,873,000 after acquiring an additional 11,239 shares in the last quarter. Finally, Seamount Financial Group Inc. purchased a new stake in shares of Digital Realty Trust in the first quarter valued at $227,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DLR. Cowen restated a “hold” rating on shares of Digital Realty Trust in a research report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Morgan Stanley began coverage on Digital Realty Trust in a research report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research report on Friday. Finally, Loop Capital set a $205.00 price objective on Digital Realty Trust in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $197.52.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $174.31 on Wednesday. The firm has a market capitalization of $59.45 billion, a P/E ratio of 45.04, a PEG ratio of 4.40 and a beta of 0.96. The stock has a fifty day moving average price of $171.09 and a 200 day moving average price of $169.70. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.