Digital Realty Trust, Inc. $DLR Position Boosted by Bank of America Corp DE

Key Points

• Bank of America raised its stake in Digital Realty Trust by 6.6% in Q3 to 8,930,551 shares (about 2.60% of the company), valued at roughly $1.54 billion after buying an additional 553,907 shares.
• Institutional ownership is very high (about 99.71%), with large moves including a new Norges Bank position (~$3.81 billion), UBS Asset Management boosting its stake by 686% to 4,807,512 shares, and Vanguard holding 52,892,557 shares (~$9.22 billion).
• Wall Street sentiment is net positive (average rating " Moderate Buy" with a consensus target of $193.96); Digital Realty recently beat quarterly EPS and revenue expectations (revenue up 13.8% YoY), and pays a $1.22 quarterly dividend (2.7% yield) while guiding FY2026 EPS to 7.900–8.000.

Bank of America Corp DE lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,930,551 shares of the real estate investment trust's stock after purchasing an additional 553,907 shares during the quarter. Bank of America Corp DE owned 2.60% of Digital Realty Trust worth $1,543,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DLR. Norges Bank acquired a new position in Digital Realty Trust in the 2nd quarter valued at approximately $3,808,270,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust's stock valued at $831,123,000 after buying an additional 4,195,862 shares during the period. Prudential Financial Inc. boosted its stake in shares of Digital Realty Trust by 87.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust's stock valued at $253,926,000 after buying an additional 677,483 shares during the period. Resolution Capital Ltd grew its holdings in shares of Digital Realty Trust by 25.2% during the 2nd quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust's stock valued at $517,345,000 after acquiring an additional 596,420 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Digital Realty Trust by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust's stock valued at $9,220,759,000 after acquiring an additional 513,697 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DLR. Bank of America reiterated a "neutral" rating and set a $170.00 price objective (down from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Moffett Nathanson lifted their price target on Digital Realty Trust from $166.00 to $172.00 and gave the company a "neutral" rating in a report on Friday, December 12th. Sanford C. Bernstein assumed coverage on Digital Realty Trust in a research note on Thursday, March 5th. They issued an "outperform" rating and a $218.00 price target for the company. Truist Financial increased their price objective on Digital Realty Trust from $200.00 to $202.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Digital Realty Trust in a research report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $193.96.

Digital Realty Trust Price Performance

NYSE DLR opened at $179.62 on Monday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $184.79. The stock's 50-day moving average is $169.75 and its two-hundred day moving average is $166.86. The firm has a market cap of $61.72 billion, a P/E ratio of 49.90, a price-to-earnings-growth ratio of 3.97 and a beta of 1.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The firm's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.73 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Digital Realty Trust Company 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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