Pictet Asset Management Holding SA Lowers Stake in Digital Realty Trust, Inc. $DLR

Key Points

• Pictet Asset Management cut its stake in Digital Realty by 33.4% in Q4, selling 992,642 shares and retaining 1,983,694 shares (about 0.58% of the company) valued at roughly $306.9 million.
• Digital Realty beat Q1 estimates (EPS $0.46; revenue $1.64B), raised FY2026 EPS guidance to $7.95–$8.05, and highlighted leasing momentum, strong AI-driven demand and a record backlog that boost multi-year revenue visibility.
• Several analysts raised ratings and price targets (e.g., Raymond James to $235, Citi to $226, Goldman $215), leaving a consensus “Moderate Buy” and a $210.50 target, though the stock now trades at a premium valuation.

Pictet Asset Management Holding SA lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,983,694 shares of the real estate investment trust's stock after selling 992,642 shares during the quarter. Pictet Asset Management Holding SA owned about 0.58% of Digital Realty Trust worth $306,918,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Digital Realty Trust in the 3rd quarter worth $25,000. Salomon & Ludwin LLC purchased a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. increased its position in shares of Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. First Horizon Corp bought a new stake in Digital Realty Trust in the third quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd increased its position in Digital Realty Trust by 970.6% during 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 acquiring an additional 165 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Digital Realty Trust from $190.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday. The Goldman Sachs Group restated a "buy" rating and set a $215.00 price objective on shares of Digital Realty Trust in a report on Friday. Truist Financial initiated coverage on Digital Realty Trust in a research note on Tuesday, March 31st. They issued a "buy" rating and a $207.00 target price on the stock. KeyCorp restated a "sector weight" rating on shares of Digital Realty Trust in a report on Thursday, January 29th. Finally, Raymond James Financial lifted their price objective on shares of Digital Realty Trust from $210.00 to $235.00 and gave the company a "strong-buy" rating in a 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 given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.50.

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 debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market cap of $69.78 billion, a price-to-earnings ratio of 52.76, a PEG ratio of 4.36 and a beta of 1.07. The firm's 50-day moving average is $183.22 and its two-hundred day moving average is $170.15.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The company's revenue was up 16.2% compared to the same quarter last year. 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, research analysts expect that Digital Realty Trust, Inc. will post 8.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given 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 yield of 2.4%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.76%.

Digital Realty Trust News Summary

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

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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