Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Digital Realty Trust, Inc. $DLR

Key Points

• Envestnet Portfolio Solutions increased its Digital Realty Trust position by 14,485.1% in the second quarter, adding 417,317 shares to own 420,198 shares valued at approximately $75.5 million. Institutional investors collectively hold 99.71% of DLR’s stock.
• Wall Street remains broadly positive, with 27 analysts rating the stock Buy or Strong Buy and a consensus price target of $219.84. JPMorgan, Evercore and RBC recently set targets between $227 and $240.
• Digital Realty shares fell 2.4% to $181.14, while quarterly revenue rose 28.9% year over year to $1.92 billion despite an adjusted EPS miss. The company declared a $1.22 quarterly dividend, equivalent to a 2.7% annualized yield.

Envestnet Portfolio Solutions Inc. raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14,485.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420,198 shares of the real estate investment trust's stock after buying an additional 417,317 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.11% of Digital Realty Trust worth $75,459,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gables Capital Management Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $29,000. Bell Investment Advisors Inc lifted its stake in Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 62 shares during the period. Solstein Capital LLC bought a new stake in Digital Realty Trust in the second quarter valued at $32,000. MCF Advisors LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at $35,000. Finally, Hantz Financial Services Inc. increased its position in Digital Realty Trust by 157.4% during the 4th quarter. Hantz Financial Services Inc. now owns 242 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 148 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DLR shares. JPMorgan Chase & Co. raised their target price 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. KeyCorp reiterated a "sector weight" rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Evercore reissued an "outperform" rating and issued a $240.00 price target on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Royal Bank Of Canada lifted their price objective on Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Finally, Wells Fargo & Company upgraded Digital Realty Trust from an "overweight" rating to a "buy" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $219.84.

Digital Realty Trust Stock Down 2.4%

DLR traded down $4.51 during midday trading on Wednesday, reaching $181.14. The company's stock had a trading volume of 1,571,093 shares, compared to its average volume of 2,369,543. The firm has a market capitalization of $67.20 billion, a price-to-earnings ratio of 87.93, a PEG ratio of 3.57 and a beta of 1.02. 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, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The stock's 50-day moving average is $188.18 and its 200-day moving average is $187.21.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results 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). 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 prior year, the firm earned $1.87 earnings per share. The business's revenue for the quarter 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. As a group, research analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. Digital Realty Trust's payout ratio is 236.89%.

Insider Activity

In related news, Director Mark Patterson sold 200 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.15% of the company's stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

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