Elevation Point Wealth Partners LLC Takes $1.98 Million Position in Digital Realty Trust, Inc. $DLR

Elevation Point Wealth Partners LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, Holdings Channel reports. The institutional investor bought 11,019 shares of the real estate investment trust’s stock, valued at approximately $1,979,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DLR. Bison Wealth LLC increased its holdings in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 390 shares during the period. Empowered Funds LLC raised its stake in shares of Digital Realty Trust by 9.4% in the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after buying an additional 584 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Digital Realty Trust by 23.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock worth $3,790,000 after acquiring an additional 4,069 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Digital Realty Trust by 3.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock valued at $27,469,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in Digital Realty Trust by 0.8% in the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock valued at $4,816,000 after acquiring an additional 231 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent research reports. Mizuho set a $223.00 price target on shares of Digital Realty Trust in a research report on Monday, August 10th. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $192.00 to $222.00 in a research note on Friday, July 24th. BTIG Research assumed coverage on Digital Realty Trust in a report on Friday, July 10th. They issued a “buy” rating and a $215.00 target price for the company. Cantor Fitzgerald raised their target price on Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Scotiabank boosted their price target on Digital Realty Trust from $195.00 to $222.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. One 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, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $190.81 on Monday. The stock has a market capitalization of $70.79 billion, a price-to-earnings ratio of 92.63, a P/E/G ratio of 5.40 and a beta of 1.03. The firm’s 50-day moving average price is $186.89 and its two-hundred day moving average price is $185.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. 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) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business’s revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm 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 is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.6%. Digital Realty Trust’s payout ratio 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.