Why Is DIGITAL RLTY TR INC REIT (DLR) Stock Up Today?

Digital Realty Trust Inc (DLR) surged 11.01% to $199.08 in early trading on a combination of upgraded analyst ratings and strong earnings performance. The REIT raised its 2026 outlook following a record second-quarter Core FFO and reported $1.9 billion of annualized rent. The stock opened with a 3.2% gap up and reached an intraday high of $207.47 before settling near $199.08 with volume of 8.4 million shares.

What Happened

Digital Realty Trust announced a significant increase in its full-year guidance, driven by strong demand for data center capacity in key markets including Northern Virginia, Kansas City, and Malaysia. The company reported a 14.4% year-over-year revenue increase and a 21.8% net margin, reinforcing its position as a leader in the data center sector. Analysts responded with several upgrades: TD Cowen raised its rating to Buy, while Bernstein and SocGen cut price targets due to concerns over dilution. Despite the mixed analyst coverage, the stock climbed sharply, supported by a combination of strong fundamentals and positive market sentiment.

What The Data Shows

The stock opened at $185.00, a 3.2% gap up from the previous close of $179.34. It traded as high as $207.47 before settling at $199.08. The session volume of 8.4 million shares was 3.3 times the 3-month average, indicating heightened investor interest. DLR currently trades at a P/E of 47.8 and a market cap of $66.0 billion, with a 52-week range of $146.23 to $208.14. The stock also has a dividend yield of 2.74% and a beta of 1.05, suggesting moderate volatility relative to the broader market.

What To Watch

Digital Realty Trust will pay a dividend of $1.22 per share on June 15, 2026. Investors should monitor the breadth of analyst coverage and any further upgrades or downgrades, as well as the company’s ability to sustain its current growth trajectory.