Bank of New York Mellon Corp Buys New Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Bank of New York Mellon acquired 1.96 million shares of Digital Realty Trust worth approximately $352.5 million, representing about 0.53% of the data-center REIT; institutional investors own 99.71% of its stock.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above expectations, but EPS of $1.21 missed the $1.98 consensus estimate. The company issued fiscal 2026 EPS guidance of $8.15–$8.20.
• The company declared a quarterly dividend of $1.22, equal to $4.88 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $219.45, above the reported share price of $190.81.

Bank of New York Mellon Corp acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,963,128 shares of the real estate investment trust's stock, valued at approximately $352,539,000. Bank of New York Mellon Corp owned approximately 0.53% of Digital Realty Trust at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Digital Realty Trust by 970.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 165 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $34,000. Finally, MCF Advisors LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $190.81 on Friday. The company has a market capitalization of $70.79 billion, a price-to-earnings ratio of 92.63, a price-to-earnings-growth ratio of 5.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company's 50-day moving average is $186.89 and its 200 day moving average is $185.41.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period last year, the firm posted $1.87 earnings per share. The firm's quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 8.4 EPS 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. Investors of record on Tuesday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. Digital Realty Trust's payout ratio is presently 236.89%.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $230.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. HSBC raised Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $210.00 to $240.00 in a research note on Thursday, August 13th. BTIG Research started coverage on Digital Realty Trust in a research note on Friday, July 10th. They issued a "buy" rating and a $215.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.45.

About Digital Realty Trust

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.

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