230,321 Shares in Digital Realty Trust, Inc. $DLR Acquired by Element Capital Management LLC

Key Points

• Element Capital Management acquired 230,321 shares of Digital Realty Trust in the second quarter, worth approximately $41.4 million and representing about 0.06% of the REIT.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $219.45; recent targets range as high as $227.
• Digital Realty reported 28.9% year-over-year revenue growth to $1.92 billion, though quarterly EPS of $1.21 missed estimates. The company declared a $1.22 quarterly dividend, equivalent to a 2.5% annualized yield.

Element Capital Management LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 230,321 shares of the real estate investment trust's stock, valued at approximately $41,361,000. Digital Realty Trust makes up about 1.3% of Element Capital Management LLC's holdings, making the stock its 8th biggest position. Element Capital Management LLC owned approximately 0.06% of Digital Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sunbelt Securities Inc. raised its stake in shares of Digital Realty Trust by 347.2% during 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 in the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $29,000. Bell Investment Advisors Inc grew its holdings in shares of 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 valued at $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 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 165 shares during the last quarter. Finally, Solstein Capital LLC purchased a new position in Digital Realty Trust in the 2nd quarter worth $32,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. BTIG Research initiated coverage on Digital Realty Trust in a report on Friday, July 10th. They issued a "buy" rating and a $215.00 price objective on the stock. KeyCorp reissued a "sector weight" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Barclays increased their target price on Digital Realty Trust from $189.00 to $197.00 and gave the company an "equal weight" rating in a report on Wednesday, July 1st. Finally, Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a research report on Wednesday, August 5th. 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $219.45.

Digital Realty Trust Trading Up 1.9%

Shares of DLR opened at $192.20 on Wednesday. The stock has a market capitalization of $71.30 billion, a P/E ratio of 93.30, a PEG ratio of 5.34 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $187.01 and a two-hundred day simple moving average of $185.90. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced 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). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.Digital Realty Trust's revenue was up 28.9% on a year-over-year basis. During the same period last year, the business earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, research 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 declared 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. Digital Realty Trust's dividend payout ratio is presently 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.

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