Deutsche Bank AG purchased 2.27 million shares of Digital Realty Trust, Inc. during the second quarter. The investment totaled approximately $408.4 million. This position gives Deutsche Bank a 0.61% stake in the data-center real estate investment trust.
Analysts maintain a Moderate Buy consensus rating for the company. The average price target for the stock currently sits at $219.13. HSBC recently upgraded Digital Realty to a Buy rating. The bank set a new price target of $240 for the shares.
Growing demand for AI and cloud computing drives increased institutional confidence in the sector. This influx of capital underscores the rapid expansion of data center infrastructure.