Cim Investment Management Inc. Has $1.94 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Cim Investment Management Inc. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 50.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,217 shares of the real estate investment trust’s stock after selling 11,517 shares during the period. Digital Realty Trust comprises about 0.5% of Cim Investment Management Inc.’s investment portfolio, making the stock its 27th biggest position. Cim Investment Management Inc.’s holdings in Digital Realty Trust were worth $1,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Pinnacle Bancorp Inc. acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $25,000. South Plains Financial Inc. boosted its stake in Digital Realty Trust by 280.5% in the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Digital Realty Trust in the third quarter valued at $28,000. First Horizon Corp bought a new stake in Digital Realty Trust in the third quarter valued at $31,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. BMO Capital Markets lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Bank of America restated a “neutral” rating and issued a $170.00 price target (down from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.96.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $180.49 on Wednesday. The firm’s 50 day moving average price is $170.74 and its two-hundred day moving average price is $167.03. 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. The stock has a market cap of $62.02 billion, a PE ratio of 50.14, a PEG ratio of 4.01 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 EPS 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 company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given 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 is Friday, March 13th. Digital Realty Trust’s payout ratio is presently 135.56%.

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.