Digital Realty Trust, Inc. $DLR Position Raised by Vanguard Group Inc.

Key Points

• Vanguard increased its stake in Digital Realty by 1.6% in Q4 to 54.26 million shares (about 15.8% ownership), joining other large institutional buyers and contributing to roughly 99.7% institutional ownership.
• Digital Realty reported Q1 revenue of $1.64 billion (beat) and EPS of $0.46 (met), raised its FY2026 guidance to $7.95–$8.05 while citing strong AI-driven leasing momentum, a record backlog and an expanded development pipeline, prompting multiple analyst price‑target upgrades and a consensus target near $210.50.
• The shares trade at a premium (P/E ~52.8) and pay a $1.22 quarterly dividend (2.4% yield) but have a high payout ratio (~129%), so investors should weigh stretched valuation and dividend sustainability against the company’s growth visibility.

Vanguard Group Inc. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,260,359 shares of the real estate investment trust's stock after purchasing an additional 854,828 shares during the period. Vanguard Group Inc. owned approximately 15.80% of Digital Realty Trust worth $8,394,620,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Digital Realty Trust by 6.6% in the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust's stock valued at $1,543,914,000 after buying an additional 553,907 shares during the period. APG Asset Management US Inc. grew its holdings in Digital Realty Trust by 0.3% during the third quarter. APG Asset Management US Inc. now owns 8,638,801 shares of the real estate investment trust's stock worth $1,481,122,000 after acquiring an additional 23,430 shares during the period. Northern Trust Corp grew its holdings in Digital Realty Trust by 9.1% during the third quarter. Northern Trust Corp now owns 5,647,534 shares of the real estate investment trust's stock worth $976,346,000 after acquiring an additional 471,384 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Digital Realty Trust by 686.0% in the third 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 worth $831,123,000 after acquiring an additional 4,195,862 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Digital Realty Trust by 2.7% in the 3rd quarter. Invesco Ltd. now owns 4,087,315 shares of the real estate investment trust's stock valued at $706,615,000 after acquiring an additional 109,310 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 0.0%

Shares of Digital Realty Trust stock opened at $199.96 on Monday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a market cap of $69.78 billion, a P/E ratio of 52.76, a P/E/G ratio of 4.36 and a beta of 1.07. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $183.22 and a 200 day moving average price of $170.15.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The firm's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. As a group, analysts expect that Digital Realty Trust, Inc. will post 8.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.4%. Digital Realty Trust's dividend payout ratio (DPR) is 128.76%.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent research reports. HSBC cut shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Monday. Weiss Ratings raised shares of Digital Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Truist Financial initiated coverage on shares of Digital Realty Trust in a research report on Tuesday, March 31st. They issued a "buy" rating and a $207.00 price target on the stock. Wolfe Research upped their price target on Digital Realty Trust from $194.00 to $211.00 and gave the company an "outperform" rating in a report on Monday, April 6th. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $210.50.

More Digital Realty Trust News

Here are the key news stories impacting Digital Realty Trust this week:

• Positive Sentiment: Q1 beat and raised outlook — DLR reported beats on core metrics and raised FY‑2026 EPS and revenue guidance, citing leasing momentum and strong AI-driven demand that improved visibility for 2026. DLR Q1 Earnings Beat on Leasing Momentum and AI Demand, View Raised
• Positive Sentiment: FFO and revenue upside — DLR posted FFO and revenue above expectations (core FFO and FFO per share improved year-over-year), reinforcing cash‑flow growth supporting dividends and valuation. Digital Realty Trust (DLR) Beats Q1 FFO and Revenue Estimates
• Positive Sentiment: Strong backlog and development pipeline — management highlighted a record backlog (~$1.8B total, ~$1.0B DLR share), a >50% sequential increase in pipeline to ~1.2 GW under construction, and ~61% pre‑leased at attractive yields, giving multi‑year revenue visibility. Earnings Call Transcript
• Positive Sentiment: Broad analyst upgrades — multiple firms (Raymond James, Jefferies, Bernstein, BNP Paribas Exane, Citigroup, Stifel, Mizuho, others) raised price targets and/or ratings after results, signaling stronger sell‑side conviction on growth from AI/data‑center demand. Raymond James PT Raise Jefferies PT Raise
• Neutral Sentiment: Operational notes on the call — management flagged some supply‑chain and operational hurdles; these appear manageable but are worth monitoring for timing of capacity deliveries. Earnings Call Highlights
• Neutral Sentiment: Valuation to watch — shares have rallied into a premium multiple (high P/E), so investors should weigh continued execution and AI demand against a stretched valuation when sizing positions.
• Negative Sentiment: Corporate governance/activist item — an unrelated activist presentation at Americold called for votes against re‑electing board members including DLR’s CEO (Andrew Power) on Americold’s board; this could be a near‑term distraction or governance headline risk. Sieve Capital Presentation

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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