Pacific Heights Asset Management LLC Makes New $26.94 Million Investment in Digital Realty Trust, Inc. $DLR

Key Points

• Pacific Heights Asset Management initiated a $26.94 million position in Digital Realty Trust by purchasing 150,000 shares during the second quarter. Institutional investors collectively own 99.71% of DLR’s outstanding stock.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $219.45 price target; HSBC recently upgraded the stock to “Buy” with a $240 target.
• Digital Realty reported 28.9% year-over-year revenue growth to $1.92 billion, though quarterly EPS of $1.21 missed estimates. The company declared a quarterly dividend of $1.22 per share, equivalent to a 2.5% annual yield.

Pacific Heights Asset Management LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 150,000 shares of the real estate investment trust's stock, valued at approximately $26,937,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Jefferies Financial Group Inc. bought a new position in shares of Digital Realty Trust in the second quarter worth approximately $1,055,000. Public Employees Retirement System of Ohio bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $98,634,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at $218,000. Triton Financial Group Inc bought a new position in Digital Realty Trust in the 2nd quarter worth $2,581,000. Finally, Jacobs Equity LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth $305,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLR. HSBC raised Digital Realty Trust from a "hold" rating to a "buy" rating and upped their price objective for the stock from $210.00 to $240.00 in a research note on Thursday, August 13th. Mizuho set a $223.00 price objective on shares of Digital Realty Trust in a research report on Monday, August 10th. Evercore restated an "outperform" rating and set a $240.00 target price on shares of Digital Realty Trust in a research report on Tuesday, August 18th. Cantor Fitzgerald lifted their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $219.45.

Digital Realty Trust Stock Down 0.7%

Shares of DLR opened at $192.12 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $71.28 billion, a price-to-earnings ratio of 93.26, a price-to-earnings-growth ratio of 5.48 and a beta of 1.03. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The business's 50 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 posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period last year, the business posted $1.87 earnings per share. The company'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, equities analysts expect that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.22 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. Digital Realty Trust's dividend payout ratio (DPR) 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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