8,941,260 Shares in Digital Realty Trust, Inc. $DLR Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 8.94 million Digital Realty Trust shares worth approximately $1.61 billion, giving it a 2.42% stake. Institutional investors and hedge funds collectively own 99.71% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $219.61; several firms recently raised their targets.
• Digital Realty shares opened at $179.04 after declining 5.1%, while the company reported quarterly revenue growth of 28.9% but missed earnings expectations. It declared a $1.22 quarterly dividend, equivalent to a 2.7% annual yield.

Bank of America Corp DE bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,941,260 shares of the real estate investment trust's stock, valued at approximately $1,605,671,000. Bank of America Corp DE owned 2.42% of Digital Realty Trust as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its stake in shares of Digital Realty Trust by 3.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust's stock valued at $92,557,000 after acquiring an additional 20,735 shares in the last quarter. Legal & General Group Plc boosted its stake in Digital Realty Trust by 5.9% during the fourth quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust's stock worth $619,956,000 after acquiring an additional 224,688 shares in the last quarter. Norges Bank acquired a new stake in Digital Realty Trust in the fourth quarter worth $3,402,995,000. Eurizon Capital SGR S.p.A. acquired a new stake in Digital Realty Trust in the fourth quarter worth $21,224,000. Finally, Pacific Heights Asset Management LLC increased its stake in Digital Realty Trust by 20.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust's stock valued at $23,206,000 after purchasing an additional 25,000 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mark Patterson sold 200 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DLR. BTIG Research increased their price objective on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. Barclays boosted their target price on Digital Realty Trust from $189.00 to $197.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 1st. Cantor Fitzgerald upped their price target on Digital Realty Trust from $211.00 to $221.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. HSBC upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and increased their price target for the stock from $210.00 to $240.00 in a report on Thursday, August 13th. Finally, Mizuho set a $223.00 price objective on Digital Realty Trust in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $219.61.

Digital Realty Trust Trading Down 5.1%

Shares of Digital Realty Trust stock opened at $179.04 on Tuesday. The stock has a fifty day simple moving average of $187.43 and a 200 day simple moving average of $187.03. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a market capitalization of $66.42 billion, a P/E ratio of 86.91, a price-to-earnings-growth ratio of 3.61 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.77). The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust's revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.4 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's dividend payout ratio is presently 236.89%.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

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