Jupiter Topco LLC Makes New Investment in Digital Realty Trust, Inc. $DLR

Key Points

• Jupiter Topco LLC acquired 762,850 shares of Digital Realty Trust in the second quarter, valued at approximately $137 million and representing about 0.21% of the company. Other major investors, including the Canada Pension Plan Investment Board, also opened new positions.
• Analysts remain broadly bullish, with Digital Realty receiving a consensus “Moderate Buy” rating and an average price target of $219.45. Recent targets range from $212 to $240.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but its $1.21 EPS missed estimates. The company declared a quarterly dividend of $1.22 per share, equivalent to a 2.5% annualized yield.

Jupiter Topco LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 762,850 shares of the real estate investment trust's stock, valued at approximately $137,040,000. Jupiter Topco LLC owned about 0.21% of Digital Realty Trust at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DLR. Wedbush Fund Advisers LLC bought a new position in Digital Realty Trust during the 2nd quarter valued at $598,000. EFG International AG bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $2,351,000. Ancora Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $212,000. Canada Pension Plan Investment Board bought a new position in shares of Digital Realty Trust during the second quarter worth about $1,178,095,000. Finally, Element Capital Management LLC acquired a new position in Digital Realty Trust in the second quarter worth about $41,361,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DLR. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. 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 target for the company. Evercore reissued an "outperform" rating and set a $240.00 price target on shares of Digital Realty Trust in a research report on Tuesday, August 18th. Royal Bank Of Canada lifted their price objective on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Finally, Argus upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price for the company in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $219.45.

Digital Realty Trust Stock Up 0.4%

NYSE:DLR opened at $193.14 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $187.13 and a 200-day moving average of $186.10. The firm has a market capitalization of $71.65 billion, a PE ratio of 93.76, a price-to-earnings-growth ratio of 5.45 and a beta of 1.03. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week 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 the consensus estimate of $1.98 by ($0.77). The company 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%.The company's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period last year, the business posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Analysts predict that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The company 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 is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. Digital Realty Trust's dividend 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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