Bank of New York Mellon Corp Sells 46,729 Shares of Digital Realty Trust, Inc. $DLR

Bank of New York Mellon Corp trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,952,366 shares of the real estate investment trust’s stock after selling 46,729 shares during the period. Bank of New York Mellon Corp’s holdings in Digital Realty Trust were worth $351,836,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter worth $3,402,995,000. Cohen & Steers Inc. raised its position in Digital Realty Trust by 18.0% in the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 worth $831,123,000 after buying an additional 4,195,862 shares during the period. Viking Global Investors LP bought a new position in Digital Realty Trust during the 4th quarter worth $233,301,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Digital Realty Trust by 78.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after acquiring an additional 1,405,791 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.2%

Shares of NYSE:DLR opened at $173.86 on Friday. The firm has a fifty day moving average price of $185.62 and a two-hundred day moving average price of $179.77. The company has a market cap of $61.10 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 4.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14.

Digital Realty Trust (NYSE:DLR) last released 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. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The business’s quarterly revenue was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Analysts anticipate that Digital Realty Trust, Inc. will post 8.06 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 15th. Digital Realty Trust’s dividend payout ratio is currently 128.76%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. BTIG Research initiated coverage on shares of Digital Realty Trust in a research report on Friday, July 10th. They set a “buy” rating and a $215.00 target price for the company. Weiss Ratings upgraded Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. BNP Paribas Exane lifted their target price on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $215.00 target price on shares of Digital Realty Trust in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $216.17.

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.