Kingsview Wealth Management LLC Purchases New Holdings in Digital Realty Trust, Inc. $DLR

Kingsview Wealth Management LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,478 shares of the real estate investment trust’s stock, valued at approximately $625,000.

A number of other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in shares of Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Gables Capital Management Inc. purchased a new position in Digital Realty Trust in the 2nd quarter valued at $29,000. Bell Investment Advisors Inc boosted its stake in Digital Realty Trust by 56.9% during the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of 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 buying an additional 165 shares in the last quarter. Finally, Solstein Capital LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DLR shares. TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company raised shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Finally, Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Wednesday, July 15th. One 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’s stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.

Digital Realty Trust Stock Down 0.1%

Shares of NYSE DLR opened at $185.26 on Monday. The company has a market capitalization of $68.73 billion, a P/E ratio of 89.93, a P/E/G ratio of 5.26 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day simple moving average of $187.16 and a 200-day simple moving average of $186.34. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year 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 analysts’ consensus estimates of $1.98 by ($0.77). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) 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.