Bank of New York Mellon Corp Reduces Stock Position in Digital Realty Trust, Inc. $DLR

Bank of New York Mellon Corp cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,999,095 shares of the real estate investment trust’s stock after selling 8,503 shares during the quarter. Bank of New York Mellon Corp’s holdings in Digital Realty Trust were worth $309,280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DLR. Sunbelt Securities Inc. increased its holdings in Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Digital Realty Trust by 970.6% in 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 buying an additional 165 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $34,000. Hantz Financial Services Inc. grew its position in shares of Digital Realty Trust by 157.4% in the fourth quarter. Hantz Financial Services Inc. now owns 242 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 148 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Digital Realty Trust by 63.5% in the fourth quarter. Salomon & Ludwin LLC now owns 255 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 99 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 3.0%

Shares of NYSE DLR opened at $188.94 on Friday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm’s 50 day moving average price is $190.74 and its 200 day moving average price is $174.29. The firm has a market cap of $66.40 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 4.99 and a beta of 1.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting 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 net margin of 21.73% and a return on equity of 6.05%. Digital Realty Trust’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.05 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.76%.

Analyst Upgrades and Downgrades

DLR has been the topic of several research reports. Wolfe Research increased their price target on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Raymond James Financial increased their price target on shares of Digital Realty Trust from $210.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. BMO Capital Markets increased their price target on shares of Digital Realty Trust from $205.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Citizens Jmp increased their price target on shares of Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.89.

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.