Bank of Nova Scotia Takes $6.94 Million Position in Digital Realty Trust, Inc. $DLR

Key Points

• Bank of Nova Scotia acquired 38,665 shares of Digital Realty Trust during the second quarter, worth approximately $6.94 million. Institutional investors and hedge funds collectively own 99.71% of the REIT.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, but earnings per share of $1.21 missed consensus by $0.77. The company issued fiscal 2026 EPS guidance of $8.15–$8.20.
• The REIT declared a quarterly dividend of $1.22 per share, equivalent to $4.88 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $219.45, versus a recent share price of $192.20.

Bank of Nova Scotia bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 38,665 shares of the real estate investment trust's stock, valued at approximately $6,943,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bison Wealth LLC boosted its position in Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust's stock worth $471,000 after acquiring an additional 390 shares during the last quarter. Empowered Funds LLC increased its stake in Digital Realty Trust by 9.4% in the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust's stock valued at $972,000 after buying an additional 584 shares during the last quarter. NewEdge Advisors LLC increased its stake in Digital Realty Trust by 23.0% in the 2nd quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust's stock valued at $3,790,000 after buying an additional 4,069 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Digital Realty Trust by 3.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust's stock worth $27,469,000 after buying an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in Digital Realty Trust by 0.8% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust's stock worth $4,816,000 after buying an additional 231 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE DLR opened at $192.20 on Wednesday. The firm has a 50-day moving average of $187.01 and a 200-day moving average of $185.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $71.30 billion, a PE ratio of 93.30, a P/E/G ratio of 5.34 and a beta of 1.03. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.77). The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm's quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company posted $1.87 EPS. 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 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 236.89%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial reduced their price target on Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. KeyCorp reaffirmed a "sector weight" rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Barclays upped their price objective on Digital Realty Trust from $189.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 1st. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Evercore reissued an "outperform" rating and issued a $240.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $219.45.

Digital Realty Trust Profile

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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