Beacon Pointe Advisors LLC Makes New Investment in Digital Realty Trust, Inc. $DLR

Key Points

• Beacon Pointe Advisors initiated a Digital Realty Trust position of 18,299 shares valued at approximately $3.29 million. Institutional investors and hedge funds collectively own 99.71% of DLR’s outstanding stock.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $219.45. Recent upgrades included TD Cowen and Wells Fargo, while price targets ranged as high as $240.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, though EPS of $1.21 missed expectations. The company declared a quarterly dividend of $1.22 per share, representing a 2.6% annualized yield.

Beacon Pointe Advisors LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,299 shares of the real estate investment trust's stock, valued at approximately $3,286,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Digital Realty Trust in the second quarter worth approximately $7,277,032,000. Cohen & Steers Inc. raised its holdings in Digital Realty Trust by 18.0% during 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 purchasing an additional 4,276,073 shares during the last quarter. Norges Bank bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at $3,402,995,000. State Street Corp increased its position in shares of Digital Realty Trust by 1.1% during the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust's stock worth $3,219,256,000 after buying an additional 231,933 shares during the period. Finally, Bank of America Corp DE raised its stake in Digital Realty Trust by 6.0% during the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock worth $1,706,714,000 after buying an additional 534,158 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DLR. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Evercore reaffirmed an "outperform" rating and set a $240.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 18th. TD Cowen raised Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $192.00 to $222.00 in a research note on Friday, July 24th. Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $219.45.

Digital Realty Trust Stock Performance

DLR opened at $185.26 on Friday. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The company has a market cap of $68.73 billion, a price-to-earnings ratio of 89.93, a PEG ratio of 5.26 and a beta of 1.03. The company's fifty day moving average price is $187.16 and its two-hundred day moving average price is $186.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results 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 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 the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $1.87 earnings per share. The company's 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. On average, analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Digital Realty Trust Company 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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