Convergence Investment Partners LLC Makes New $1.52 Million Investment in Digital Realty Trust, Inc. $DLR

Convergence Investment Partners LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,426 shares of the real estate investment trust’s stock, valued at approximately $1,518,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in shares of 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 buying an additional 125 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Digital Realty Trust by 970.6% during the 3rd 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 last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Digital Realty Trust during the 3rd quarter valued at about $34,000. Finally, MCF Advisors LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth about $35,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 1.7%

Digital Realty Trust stock opened at $179.27 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $184.90 and a two-hundred day moving average price of $180.25. The firm has a market capitalization of $63.00 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 4.80 and a beta of 1.03. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. Digital Realty Trust’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 8.04 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. UBS Group lifted their target price on Digital Realty Trust from $225.00 to $227.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Mizuho increased their price target on Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Evercore boosted their price objective on Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, Stifel Nicolaus upped their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $216.17.

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.