Digital Realty Trust (DLR)

• Market cap: $59.2B
• 1 day: -0.93%
• 5 days: 3.88%
• 1 month: -3.55%
• 3 months: 9.00%
• 6 months: 13.77%
• Year to date: 0.81%
• 1 year: 31.62%
• 5 years: 43.39%
• 10 years: 145.16%
• Sector: Financials
• Industry: Real Estate Investment Trusts

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 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 114 | Existing positions closed: 76

18% more call options, than puts

Call options by funds: $459M | Put options by funds: $389M

18% more repeat investments, than reductions

Existing positions increased: 443 | Existing positions reduced: 377

2% more funds holding

Funds holding: 1,072 [Q2] → 1,090 (+18) [Q3]

1% less capital invested

Capital invested by funds: $51B [Q2] → $50.6B (-$440M) [Q3]

7.51% less ownership

Funds ownership: 103.9% [Q2] → 96.38% (-7.51%) [Q3]

23% less funds holding in top 10

Funds holding in top 10: 26 [Q2] → 20 (-6) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $128 28% downside
• Avg. target: $187 5% upside
• High target: $210 18% upside

13 analyst ratings

• positive: 10 77%
• neutral: 2 15%
• negative: 1 8%

Deutsche Bank Matthew Niknam 58% 1-year accuracy 11 / 19 met price target	9% upside $194	Buy Upgraded	15 Jan 2025
UBS John Hodulik 67% 1-year accuracy 10 / 15 met price target	15% upside $205	Buy Upgraded	7 Jan 2025
Wells Fargo Eric Luebchow 64% 1-year accuracy 27 / 42 met price target	18% upside $210	Overweight Maintained	10 Dec 2024
Stifel Erik Rasmussen 60% 1-year accuracy 6 / 10 met price target	15% upside $205	Buy Maintained	21 Nov 2024
Barclays Brendan Lynch 44% 1-year accuracy 15 / 34 met price target	20% downside $142	Underweight Maintained	18 Nov 2024