Victory Capital Management Inc. Reduces Holdings in Digital Realty Trust, Inc. $DLR

Victory Capital Management Inc. lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 9.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 132,257 shares of the real estate investment trust’s stock after selling 13,096 shares during the period. Victory Capital Management Inc.’s holdings in Digital Realty Trust were worth $22,865,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Security National Bank of Sioux City Iowa IA raised its holdings in Digital Realty Trust by 0.4% in the 3rd 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 acquiring an additional 60 shares during the last quarter. Commons Capital LLC boosted its stake in Digital Realty Trust by 4.6% during the third 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 last quarter. Zions Bancorporation National Association UT grew its holdings in Digital Realty Trust by 14.3% in the 2nd quarter. Zions Bancorporation National Association UT now owns 520 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 65 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Digital Realty Trust by 11.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 646 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 65 shares during the last quarter. Finally, True North Advisors LLC boosted its position in shares of Digital Realty Trust by 5.4% during the 3rd quarter. True North Advisors LLC now owns 1,302 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 67 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial lifted their target price on shares of Digital Realty Trust from $200.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. BMO Capital Markets raised their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Sanford C. Bernstein initiated coverage on Digital Realty Trust in a report on Thursday, March 5th. They issued an “outperform” rating and a $218.00 price objective on the stock. Jefferies Financial Group raised their target price on Digital Realty Trust from $184.00 to $189.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Citigroup decreased their price target on Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $193.36.

Digital Realty Trust Stock Up 1.8%

Shares of NYSE DLR opened at $179.33 on Tuesday. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $184.79. The business’s 50 day moving average is $167.75 and its two-hundred day moving average is $166.50. The firm has a market cap of $61.62 billion, a price-to-earnings ratio of 49.81, a PEG ratio of 3.90 and a beta of 1.12. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.Digital Realty Trust’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the business posted $1.73 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is 135.56%.

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.