Ninepoint Partners LP Takes Position in Digital Realty Trust, Inc. $DLR

Key Points

• Ninepoint Partners acquired 8,407 shares of Digital Realty Trust valued at approximately $1.51 million, while institutional investors collectively own 99.71% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $219.45, above the stock’s reported $194.23 opening price.
• Digital Realty reported 28.9% year-over-year revenue growth to $1.92 billion, although quarterly EPS of $1.21 missed expectations; it also declared a $1.22 quarterly dividend, yielding about 2.5% annually.

Ninepoint Partners LP bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,407 shares of the real estate investment trust's stock, valued at approximately $1,510,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. Gables Capital Management Inc. bought a new position in shares of Digital Realty Trust in the second quarter valued at $29,000. Sunbelt Securities Inc. raised its holdings in shares of Digital Realty Trust by 347.2% in the 3rd 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 during the last quarter. Bell Investment Advisors Inc lifted its position in Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Digital Realty Trust by 970.6% in 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 acquiring an additional 165 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Digital Realty Trust during the 3rd quarter valued at about $34,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DLR. Mizuho set a $223.00 price objective on Digital Realty Trust in a research note on Monday, August 10th. UBS Group upped their price target on Digital Realty Trust from $225.00 to $227.00 and gave the stock a "buy" rating in a report on Friday, April 24th. Cantor Fitzgerald increased their price target on Digital Realty Trust from $211.00 to $221.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. Finally, Scotiabank upped their target price on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an "outperform" rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.45.

Digital Realty Trust Stock Up 1.0%

DLR stock opened at $194.23 on Friday. The stock has a market cap of $71.87 billion, a P/E ratio of 94.29, a P/E/G ratio of 5.45 and a beta of 1.03. 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's fifty day simple moving average is $186.76 and its two-hundred day simple moving average is $185.38. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its 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 business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Dividend Announcement

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 given 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 2.5%. Digital Realty Trust's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source