DLD Asset Management LP Acquires New Stake in Digital Realty Trust, Inc. $DLR

DLD Asset Management LP purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Digital Realty Trust during the second quarter valued at approximately $115,367,000. Twin Tree Management LP bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $448,000. Clear Harbor Asset Management LLC purchased a new position in Digital Realty Trust in the second quarter worth $499,000. Bank of Nova Scotia purchased a new stake in Digital Realty Trust during the second quarter valued at about $6,943,000. Finally, Compass Financial Management LLC bought a new stake in Digital Realty Trust during the second quarter worth about $399,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.1%

Shares of DLR opened at $190.81 on Monday. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $186.89 and its 200-day moving average price is $185.56. The firm 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.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the company earned $1.87 earnings per share. Digital Realty Trust’s quarterly revenue 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. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm 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 $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio is currently 236.89%.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent research reports. Truist Financial reduced their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BTIG Research assumed coverage on shares of Digital Realty Trust in a research report on Friday, July 10th. They issued a “buy” rating and a $215.00 target price on the stock. Citizens Jmp upped their price target on shares of Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, April 27th. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday, July 15th. Finally, Barclays lifted their price target on 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 given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $219.45.

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.