Digital Realty Trust, Inc. $DLR Stake Cut by Washington Trust Bank

Washington Trust Bank lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,300 shares of the real estate investment trust’s stock after selling 4,460 shares during the quarter. Washington Trust Bank’s holdings in Digital Realty Trust were worth $5,441,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter worth $7,277,032,000. Cohen & Steers Inc. raised its stake in Digital Realty Trust by 18.0% during the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after acquiring an additional 4,276,073 shares during the period. Norges Bank bought a new position in Digital Realty Trust in the fourth quarter worth about $3,402,995,000. State Street Corp boosted its stake in Digital Realty Trust by 1.1% in the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock valued at $3,219,256,000 after acquiring an additional 231,933 shares during the period. Finally, Bank of America Corp DE boosted its stake in Digital Realty Trust by 6.0% in the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after acquiring an additional 534,158 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 3.6%

Shares of Digital Realty Trust stock opened at $185.26 on Friday. 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 capitalization of $68.73 billion, a P/E ratio of 89.93, a PEG ratio of 5.26 and a beta of 1.03. The business’s fifty day moving average price is $187.16 and its two-hundred day moving average price is $186.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. Digital Realty Trust’s revenue for the quarter was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DLR shares. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. Argus upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research note on Wednesday, August 5th. Cantor Fitzgerald increased their target price on Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and set a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.