Westpac Banking Corp Acquires New Shares in Digital Realty Trust, Inc. $DLR

Westpac Banking Corp bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,451 shares of the real estate investment trust’s stock, valued at approximately $4,391,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DLR. BlackRock Inc. purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $7,277,032,000. Norges Bank purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $3,402,995,000. Cohen & Steers Inc. lifted its position 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 valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $831,123,000 after purchasing an additional 4,195,862 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Digital Realty Trust in the second quarter worth approximately $408,371,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 1.8%

Shares of DLR stock opened at $190.81 on Friday. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm has a fifty day moving average price of $186.89 and a 200-day moving average price of $185.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $70.79 billion, a price-to-earnings ratio of 92.63, a PEG ratio of 5.51 and a beta of 1.03.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DLR shares. Argus upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research note on Wednesday, August 5th. HSBC upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the stock from $210.00 to $240.00 in a research note on Thursday, August 13th. Mizuho set a $223.00 price objective on Digital Realty Trust in a research report on Monday, August 10th. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Wednesday, July 15th. Finally, Cantor Fitzgerald boosted their price target on Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus 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.