Fifth Third Bancorp Cuts Stock Holdings in Digital Realty Trust, Inc. $DLR

Fifth Third Bancorp lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 12.1% during the first quarter, Holdings Channel reports. The firm owned 35,085 shares of the real estate investment trust’s stock after selling 4,814 shares during the period. Fifth Third Bancorp’s holdings in Digital Realty Trust were worth $6,323,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DLR. Sunbelt Securities Inc. boosted 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 acquiring an additional 125 shares during the last quarter. Bell Investment Advisors Inc increased its stake in Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Digital Realty Trust by 970.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 165 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $34,000. Finally, MCF Advisors LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $173.29 on Friday. The firm has a 50-day moving average of $186.05 and a two-hundred day moving average of $179.81. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market cap of $60.90 billion, a P/E ratio of 45.72, a PEG ratio of 4.78 and a beta of 1.03. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, research 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.22 per share. The ex-dividend date was Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s payout ratio is currently 128.76%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sanford C. Bernstein boosted their price objective on shares of Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Guggenheim upgraded shares of 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. Finally, Scotiabank upped their price target on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.