DLD Asset Management LP Acquires Shares of 35,000 Digital Realty Trust, Inc. $DLR

DLD Asset Management LP purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, HoldingsChannel reports. The institutional investor purchased 35,000 shares of the real estate investment trust’s stock, valued at approximately $6,285,000. Digital Realty Trust makes up about 0.4% of DLD Asset Management LP’s investment portfolio, making the stock its 27th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Digital Realty Trust in the second quarter worth $7,277,032,000. Norges Bank purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at $3,402,995,000. Cohen & Steers Inc. increased its holdings in Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after acquiring an additional 4,195,862 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Digital Realty Trust in the second quarter worth approximately $408,371,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DLR shares. Truist Financial lowered their price target on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada boosted their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. BTIG Research initiated coverage on shares of Digital Realty Trust in a research report on Friday, July 10th. They set a “buy” rating and a $215.00 price objective for the company. HSBC upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $210.00 to $240.00 in a research report on Thursday, August 13th. Finally, Barclays raised their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.45.

Digital Realty Trust Stock Performance

DLR opened at $190.81 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $70.79 billion, a price-to-earnings ratio of 92.63, a PEG ratio of 5.40 and a beta of 1.03. The company has a fifty day moving average of $186.89 and a 200 day moving average of $185.56. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $1.87 EPS. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given 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 Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 236.89%.

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.