SCS Capital Management LLC Takes Position in Digital Realty Trust, Inc. $DLR

SCS Capital Management LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 90,880 shares of the real estate investment trust’s stock, valued at approximately $16,320,000.

Other large investors have also bought and sold shares of the company. Silverlake Wealth Management LLC bought a new position in Digital Realty Trust in the 2nd quarter valued at $567,000. Bank of New York Mellon Corp bought a new stake in shares of Digital Realty Trust during the second quarter worth $352,539,000. State of Wyoming acquired a new stake in shares of Digital Realty Trust in the second quarter valued at $131,000. Avalon Trust Co acquired a new stake in shares of Digital Realty Trust in the second quarter valued at $144,000. Finally, Tema ETFs LLC raised its holdings in shares of Digital Realty Trust by 8.5% in the second quarter. Tema ETFs LLC now owns 5,529 shares of the real estate investment trust’s stock valued at $993,000 after buying an additional 435 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research reports. Wall Street Zen upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Truist Financial reduced their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets increased their price target on shares of Digital Realty Trust from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Wells Fargo & Company raised shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. One research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.13.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $200.07 on Monday. The business’s 50-day simple moving average is $185.78 and its 200 day simple moving average is $184.53. 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 has a market cap of $74.03 billion, a price-to-earnings ratio of 97.12, a P/E/G ratio of 5.67 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 earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $1.87 EPS. The firm’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, research analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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 paid a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.4%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

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.