SCS Capital Management LLC Buys New Shares in Digital Realty Trust, Inc. $DLR

Key Points

• SCS Capital Management purchased 90,880 shares of Digital Realty Trust in the second quarter, valued at approximately $16.3 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 $219.13, above the stock’s reported $200.07 opening price.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but earnings per share of $1.21 fell short of the $1.98 consensus estimate. The company also declared a quarterly dividend of $1.22 per share, equivalent to a 2.4% annualized yield.

SCS Capital Management LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 90,880 shares of the real estate investment trust's stock, valued at approximately $16,320,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $3,402,995,000. Cohen & Steers Inc. grew its position in Digital Realty Trust by 18.0% during the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust's stock worth $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Digital Realty Trust by 686.0% during the third 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 acquiring an additional 4,195,862 shares during the period. Bank of New York Mellon Corp bought a new position in Digital Realty Trust during the second quarter valued at about $352,539,000. Finally, Viking Global Investors LP acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $233,301,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Cowen raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $192.00 to $222.00 in a report on Friday, July 24th. JPMorgan Chase & Co. upped their target price 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. Mizuho set a $223.00 target price on Digital Realty Trust in a research report on Monday, August 10th. Raymond James Financial lifted their price target on shares of Digital Realty Trust from $210.00 to $235.00 and gave the stock a "strong-buy" rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $215.00 price objective on shares of Digital Realty Trust in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $219.13.

Digital Realty Trust Trading Down 0.0%

DLR stock opened at $200.07 on Monday. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. 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 business's 50 day moving average is $185.78 and its 200-day moving average is $184.53. The firm has a market cap of $74.03 billion, a P/E ratio of 97.12, a P/E/G ratio of 5.67 and a beta of 1.03.

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 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). The company had revenue of $1.92 billion for 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%.Digital Realty Trust's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued 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 2.4%. Digital Realty Trust's dividend payout ratio (DPR) is presently 236.89%.

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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