Empowered Funds LLC Takes $4.99 Million Position in Digital Realty Trust, Inc. $DLR

Empowered Funds LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 27,763 shares of the real estate investment trust’s stock, valued at approximately $4,986,000.

A number of other hedge funds also recently added to or reduced their stakes in DLR. Gables Capital Management Inc. bought a new position in shares of Digital Realty Trust during the second quarter valued at approximately $29,000. Sunbelt Securities Inc. increased its holdings in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares during the period. Bell Investment Advisors Inc raised its stake in Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Solstein Capital LLC bought a new position in Digital Realty Trust in the second quarter worth approximately $32,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 165 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DLR. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $229.00 target price on shares of Digital Realty Trust in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. HSBC upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. Finally, Evercore reiterated an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a report on Tuesday, August 18th. 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 company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $219.45.

Digital Realty Trust Price Performance

NYSE DLR opened at $186.06 on Tuesday. The firm’s fifty day simple moving average is $186.97 and its two-hundred day simple moving average is $186.44. The firm has a market capitalization of $69.03 billion, a P/E ratio of 90.32, a P/E/G ratio of 5.26 and a beta of 1.03. 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 12-month low of $146.23 and a 12-month high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data 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 business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Analysts forecast that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid 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 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 200 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the sale, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

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.