Freestone Grove Partners LP Takes $18.48 Million Position in Digital Realty Trust, Inc. $DLR

Key Points

• Freestone Grove Partners acquired 102,897 shares of Digital Realty Trust worth approximately $18.48 million in the second quarter. Institutional investors collectively own 99.71% of the company.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, but earnings per share of $1.21 missed the $1.98 consensus forecast.
• The company declared a quarterly dividend of $1.22 per share, equivalent to $4.88 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $219.45.

Freestone Grove Partners LP 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 & Exchange Commission. The firm bought 102,897 shares of the real estate investment trust's stock, valued at approximately $18,478,000.

A number of other institutional investors and hedge funds have also modified their holdings of DLR. Nomura Asset Management Co. Ltd. lifted its holdings in Digital Realty Trust by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust's stock worth $92,557,000 after purchasing an additional 20,735 shares during the last quarter. Norges Bank acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $3,402,995,000. Legal & General Group Plc raised its position in shares of Digital Realty Trust by 5.9% in the fourth quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust's stock valued at $619,956,000 after purchasing an additional 224,688 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $21,224,000. Finally, Pacific Heights Asset Management LLC boosted its holdings in shares of Digital Realty Trust by 20.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust's stock worth $23,206,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Down 0.7%

NYSE:DLR opened at $192.12 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The firm has a market capitalization of $71.28 billion, a P/E ratio of 93.26, a P/E/G ratio of 5.48 and a beta of 1.03. The stock's fifty day simple moving average is $187.21 and its 200-day simple moving average is $186.25.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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 net margin of 11.80% and a return on equity of 3.34%. The firm 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 posted $1.87 EPS. The firm's revenue for the quarter 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. Equities research analysts expect that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 2.5%. Digital Realty Trust's dividend payout ratio (DPR) is currently 236.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DLR shares. Citigroup restated a "market outperform" rating on shares of Digital Realty Trust in a report on Friday, July 24th. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $210.00 to $240.00 in a research note on Thursday, August 13th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Royal Bank Of Canada raised their target price on Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $229.00 price target on shares of Digital Realty Trust in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $219.45.

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.

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