Polar Asset Management Partners Inc. Buys New Stake in Digital Realty Trust, Inc. $DLR

Polar Asset Management Partners Inc. acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,000 shares of the real estate investment trust’s stock, valued at approximately $8,979,000.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. raised its stake in shares of Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. Gables Capital Management Inc. bought a new stake in Digital Realty Trust during the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc increased its holdings in 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 raised its position in Digital Realty Trust by 970.6% in 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 purchasing an additional 165 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in Digital Realty Trust in the second quarter worth $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock 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 firm’s 50-day moving average is $187.01 and its 200-day moving average is $185.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $71.30 billion, a PE ratio of 93.30, a price-to-earnings-growth ratio of 5.34 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $1.87 earnings per share. Digital Realty Trust’s 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. Equities analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. Digital Realty Trust’s payout ratio is currently 236.89%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $192.00 to $222.00 in a report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 18th. HSBC upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $210.00 to $240.00 in a research report on Thursday, August 13th. Cantor Fitzgerald raised their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. 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’s stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $219.45.

Digital Realty Trust 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.