Norges Bank Makes New $3.40 Billion Investment in Digital Realty Trust, Inc. $DLR

Norges Bank bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,995,957 shares of the real estate investment trust’s stock, valued at approximately $3,402,995,000. Norges Bank owned about 0.06% of Digital Realty Trust at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Digital Realty Trust by 686.0% during 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 purchasing an additional 4,195,862 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Digital Realty Trust by 5,759.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,357,805 shares of the real estate investment trust’s stock valued at $210,066,000 after buying an additional 1,334,632 shares during the last quarter. Vanguard Group Inc. grew its position in Digital Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock valued at $8,394,620,000 after buying an additional 854,828 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Digital Realty Trust by 581.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock valued at $166,159,000 after buying an additional 819,982 shares during the period. Finally, Resolution Capital Ltd raised its position in Digital Realty Trust by 25.2% during the 2nd quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after buying an additional 596,420 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLR. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. BNP Paribas Exane increased their price target on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. UBS Group raised their price objective on shares of Digital Realty Trust from $225.00 to $227.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wolfe Research lifted their price objective 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, HSBC cut Digital Realty Trust from a “buy” rating to a “hold” rating and boosted their target price for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $215.89.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $189.94 on Friday. The firm’s fifty day simple moving average is $189.93 and its 200-day simple moving average is $173.58. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $66.74 billion, a PE ratio of 50.12, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06. Digital Realty Trust, Inc. has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, meeting 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 business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Analysts expect that Digital Realty Trust, Inc. will post 8.06 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 2.6%. Digital Realty Trust’s payout ratio is 128.76%.

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.