Digital Realty Trust
About: Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. The company operates as a real estate investment trust.
Employees: 3,664
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 121 | Existing positions closed: 77
52% more repeat investments, than reductions
Existing positions increased: 475 | Existing positions reduced: 313
18% more funds holding in top 10
Funds holding in top 10: 22 [Q1] → 26 (+4) [Q2]
13% more capital invested
Capital invested by funds: $43B [Q1] → $48.7B (+$5.68B) [Q2]
4% more funds holding
Funds holding: 1,024 [Q1] → 1,068 (+44) [Q2]
3.42% more ownership
Funds ownership: 95.76% [Q1] → 99.17% (+3.42%) [Q2]
3% less call options, than puts
Call options by funds: $382M | Put options by funds: $393M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Wells Fargo Eric Luebchow 84% 1-year accuracy 31 / 37 met price target | 7%upside $175 | Overweight Maintained | 17 Oct 2024 |
Barclays Brendan Lynch 63% 1-year accuracy 12 / 19 met price target | 18%downside $135 | Underweight Maintained | 10 Oct 2024 |
HSBC Phani Kanumuri 100% 1-year accuracy 1 / 1 met price target | 2%downside $160 | Hold Upgraded | 4 Oct 2024 |
JP Morgan Richard Choe 50% 1-year accuracy 1 / 2 met price target | 10%upside $180 | Overweight Maintained | 1 Oct 2024 |
Truist Securities Anthony Hau 86% 1-year accuracy 18 / 21 met price target | 3%upside $168 | Buy Maintained | 13 Aug 2024 |
Financial journalist opinion
Based on 14 articles about DLR published over the past 30 days