Element Capital Management LLC Buys New Position in Digital Realty Trust, Inc. $DLR

Element Capital Management LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLRFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 230,321 shares of the real estate investment trust’s stock, valued at approximately $41,361,000. Digital Realty Trust makes up 1.3% of Element Capital Management LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its holdings in Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Gables Capital Management Inc. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $29,000. Bell Investment Advisors Inc boosted its stake in shares of Digital Realty Trust by 56.9% during the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of 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 valued at $31,000 after buying an additional 165 shares during the period. Finally, Solstein Capital LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at about $32,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho set a $223.00 price objective on shares of Digital Realty Trust in a report on Monday, August 10th. Weiss Ratings downgraded Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Royal Bank Of Canada increased their target price on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Finally, Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $219.45.

Get Our Latest Analysis on Digital Realty Trust

Digital Realty Trust Trading Up 1.9%

Shares of NYSE DLR opened at $192.20 on Wednesday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $187.01 and a 200 day moving average of $185.90. The stock has a market cap of $71.30 billion, a P/E ratio of 93.30, a price-to-earnings-growth ratio of 5.34 and a beta of 1.03.

Digital Realty Trust (NYSE:DLRGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted $1.87 EPS. Digital Realty Trust’s revenue for the quarter 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. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business 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 $1.22 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. Digital Realty Trust’s dividend payout ratio is presently 236.89%.

About Digital Realty Trust

(Free Report)

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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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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