Sun Sep 15 14:20:57 UTC 2024: ## Bokf Na Ups Digital Realty Trust Investment, Other Investors Join the Trend

**New York, NY – September 15th, 2024** – Bokf Na, a prominent institutional investor, significantly increased its stake in Digital Realty Trust (NYSE: DLR) during the second quarter, acquiring an additional 4,693 shares, resulting in a 106.9% increase in its overall holdings. This surge in investment signals a strong belief in the real estate investment trust’s future performance.

Other institutional investors have also shown interest in Digital Realty Trust. Gradient Investments LLC boosted its holdings by 75.2%, while American Capital Advisory LLC and Private Ocean LLC initiated new positions in the company. Rise Advisors LLC dramatically expanded its stake by 1,125.0% during the first quarter. These acquisitions further solidify the confidence institutional investors have in the company.

Market research analysts have also been closely following Digital Realty Trust. JPMorgan Chase & Co. upgraded their rating to “overweight” and raised their price target to $175.00, highlighting a positive outlook for the company. Goldman Sachs Group initiated coverage with a “buy” rating and a $175.00 price objective. However, TD Cowen downgraded their rating to “hold” and lowered their target price to $120.00. Overall, analysts seem cautiously optimistic, with an average “Hold” rating and a consensus price target of $154.00.

Digital Realty Trust recently reported its second-quarter earnings, missing analysts’ estimates for earnings per share but showcasing strong revenue. The company also declared a quarterly dividend of $1.22 per share, signaling its commitment to shareholder value.

While institutional investors and analysts are actively watching Digital Realty Trust, the company’s stock opened at $158.93 on Friday, amidst a market capitalization of $49.65 billion.

This positive market sentiment reflects the growing demand for data centers and the company’s strong position as a global leader in the industry. Digital Realty continues to provide critical infrastructure for companies and data, solidifying its place as a key player in the evolving digital landscape.

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