102,897 Shares in Digital Realty Trust, Inc. $DLR Bought by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, Holdings Channel reports. The fund acquired 102,897 shares of the real estate investment trust’s stock, valued at approximately $18,478,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Digital Realty Trust by 0.3% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after purchasing an additional 51 shares in the last quarter. Columbia Bank grew its holdings in shares of Digital Realty Trust by 0.9% during the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after buying an additional 53 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 55 shares during the last quarter. South Plains Financial Inc. boosted its position in Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 56 shares during the last quarter. Finally, Denali Advisors LLC grew its stake in shares of Digital Realty Trust by 1.3% during the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock worth $783,000 after acquiring an additional 56 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent research reports. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Evercore restated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Royal Bank Of Canada raised their price objective on Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Truist Financial dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust Stock Down 0.7%

Shares of DLR stock opened at $192.12 on Friday. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. 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 cap of $71.28 billion, a price-to-earnings ratio of 93.26, a PEG ratio of 5.48 and a beta of 1.03. The firm’s 50-day moving average is $187.21 and its 200-day moving average is $186.25.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s payout ratio is 236.89%.

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.