Polar Asset Management Partners Inc. Buys New Shares in Digital Realty Trust, Inc. $DLR

Key Points

• Polar Asset Management Partners purchased 50,000 Digital Realty Trust shares in the second quarter, valued at approximately $8.98 million. Institutional investors and hedge funds 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, compared with the stock’s reported price of $192.20.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but missed EPS expectations. The company declared a $1.22 quarterly dividend, equal to a 2.5% annualized yield.

Polar Asset Management Partners Inc. purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the real estate investment trust's stock, valued at approximately $8,979,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Digital Realty Trust during the second quarter valued at about $7,277,032,000. Norges Bank acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $3,402,995,000. Canada Pension Plan Investment Board purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $1,178,095,000. Cohen & Steers Inc. boosted its stake in Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock worth $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust's stock valued at $831,123,000 after purchasing an additional 4,195,862 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Truist Financial decreased their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. Citigroup reissued a "market outperform" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, Argus raised 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 report on Wednesday, August 5th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $219.45.

Digital Realty Trust Price Performance

NYSE:DLR opened at $192.20 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a fifty day moving average price of $187.01 and a 200 day moving average price of $185.90. The stock has a market cap of $71.30 billion, a P/E ratio of 93.30, a PEG ratio of 5.34 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted 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 analyst estimates of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business's revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter 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 anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share 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. Investors of record on Tuesday, September 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust's 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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