Elevation Point Wealth Partners LLC Acquires New Shares in Digital Realty Trust, Inc. $DLR

Elevation Point Wealth Partners LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,019 shares of the real estate investment trust’s stock, valued at approximately $1,979,000.

Several other hedge funds have also recently bought and sold shares of DLR. Cherry Creek Investment Advisors Inc. raised its holdings in Digital Realty Trust by 0.3% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after buying an additional 51 shares in the last quarter. Columbia Bank increased its holdings in shares of Digital Realty Trust by 0.9% during the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock valued at $1,111,000 after acquiring an additional 53 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 55 shares in the last quarter. South Plains Financial Inc. raised its stake in shares of Digital Realty Trust by 25.7% in the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 56 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in Digital Realty Trust by 1.3% in the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock worth $783,000 after purchasing an additional 56 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

DLR opened at $190.81 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $186.89 and its two-hundred day moving average price is $185.56. The firm has a market capitalization of $70.79 billion, a P/E ratio of 92.63, a price-to-earnings-growth ratio of 5.40 and a beta of 1.03. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $1.87 earnings per share. The firm’s quarterly revenue 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. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citizens Jmp upped their target price on Digital Realty Trust from $220.00 to $250.00 and gave the stock a “market outperform” rating in a research report on Monday, April 27th. Cantor Fitzgerald boosted their price objective on shares of Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Scotiabank raised their target price on shares of Digital Realty Trust from $195.00 to $222.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Evercore reiterated an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Finally, Truist Financial cut their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $219.45.

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.