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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 12 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
18% more call options, than puts
Call options by funds: $459M | Put options by funds: $389M
18% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 96
18% more repeat investments, than reductions
Existing positions increased: 443 | Existing positions reduced: 377
2% more funds holding
Funds holding: 1,072 [Q2] → 1,089 (+17) [Q3]
1% less capital invested
Capital invested by funds: $49.4B [Q2] → $48.7B (-$619M) [Q3]
7.61% less ownership
Funds ownership: 100.58% [Q2] → 92.97% (-7.61%) [Q3]
23% less funds holding in top 10
Funds holding in top 10: 26 [Q2] → 20 (-6) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$128
28%
downside
Avg. target
$182
2%
upside
High target
$210
18%
upside
12 analyst ratings
8 positive
67%
3 neutral
25%
1 negative
8%
Wells Fargo Eric Luebchow 62% 1-year accuracy 26 / 42 met price target | 18%upside $210 | Overweight Maintained | 10 Dec 2024 |
Stifel Erik Rasmussen 78% 1-year accuracy 7 / 9 met price target | 15%upside $205 | Buy Maintained | 21 Nov 2024 |
Barclays Brendan Lynch 33% 1-year accuracy 10 / 30 met price target | 20%downside $142 | Underweight Maintained | 18 Nov 2024 |
Truist Securities Anthony Hau 41% 1-year accuracy 13 / 32 met price target | 13%upside $202 | Buy Maintained | 12 Nov 2024 |
RBC Capital Jonathan Atkin 44% 1-year accuracy 8 / 18 met price target | 16%upside $207 | Outperform Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 10 articles about DLR published over the past 30 days
Neutral
Seeking Alpha
1 week ago
Digital Realty: Consistent FFO Results, But Common Shares Appear Overvalued
Artificial Intelligence is a significant market driver in 2024, boosting demand for data centers like Digital Realty Trust. DLR has shown consistent FFO results despite challenges, but lags behind peers in Net Income growth, EPS growth, and Return on Equity. DLR's credit rating is stable, with tight credit spreads indicating solid credit quality, but its common stock appears overvalued.
Positive
Zacks Investment Research
1 week ago
Should Investors Retain Digital Realty Stock in Their Portfolio?
Solid data center demand and strategic investments are expected to support DLR's growth despite a competitive market and asset concentration.
Positive
Seeking Alpha
1 week ago
3 'Wide Moat' REITs (1 Is A Strong Buy)
Finding businesses with strong economic moats is crucial for long-term investment success, as they can withstand competition and generate consistent profits. Prologis, Digital Realty, and Realty Income are three “wide moat” REITs with predictable profit streams and strong dividend histories. Prologis and Digital Realty are recommended for their robust portfolios and growth potential, though Digital Realty is currently overvalued.
Positive
Seeking Alpha
2 weeks ago
9 Stocks I'm Buying As The Market Reaches A Rare Level Of Speculative Fervor
The U.S. stock market is highly valued, driven by Big Tech and AI investments, with speculative fervor reminiscent of the late 1990s. Some REITs, like W.P. Carey, face challenges due to poor capital allocation and strategic missteps, leading to underperformance compared to tech stocks. Many other REITs, however, have been beaten down due to short-term supply headwinds and their treatment as bond proxies.
Neutral
Seeking Alpha
2 weeks ago
At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024
Total proceeds raised by US equity real estate investment trusts through at-the-market offering programs rocketed to an all-time high in the third quarter. US REITs raised an aggregate of $7.21 billion in proceeds through their at-the-market programs during the quarter. By property sector, healthcare REITs raised the most capital through their ATM programs during the quarter, at $2.65 billion.
Neutral
Seeking Alpha
2 weeks ago
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the largest median discount to net asset value at 21.6%. Datacenter REITs (only two in the analysis) traded at the largest median premium to NAV, at 27.6%.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Benzinga
3 weeks ago
3 "AI Income Machines" Leaving the Magnificent Seven in the Dust
For almost two years now, stocks that tap into the global $15.7 trillion AI revolution have surged so quickly, the media has a nickname for them: the "Magnificent Seven."
Negative
Seeking Alpha
3 weeks ago
The State Of REITs: November 2024 Edition
The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3.89%) and small caps (-4.62%) were deeper in the red. 72.90% of REIT securities had a negative total return in October.
Positive
CNBC Television
4 weeks ago
Digital Realty CEO: We're building a long runway of growth
Andy Power, Digital Realty president and CEO, joins CNBC's 'Money Movers' to discuss the company's most recent earnings.
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