Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Raised by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,826,432 shares of the real estate investment trust’s stock after purchasing an additional 146,183 shares during the period. Canada Pension Plan Investment Board owned approximately 1.54% of Digital Realty Trust worth $733,859,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after buying an additional 1,773,591 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Digital Realty Trust in the 4th quarter worth approximately $107,372,000. Wulff Hansen & CO. grew its position in Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after purchasing an additional 790,596 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after purchasing an additional 678,165 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.4 %

Shares of DLR stock opened at $158.90 on Friday. The stock’s 50 day simple moving average is $152.14 and its 200 day simple moving average is $147.31. Digital Realty Trust, Inc. has a twelve month low of $113.94 and a twelve month high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market capitalization of $49.64 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 5.06 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $1.68 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.07%. Digital Realty Trust’s payout ratio is presently 135.56%.

Analysts Set New Price Targets

DLR has been the subject of several recent analyst reports. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. The Goldman Sachs Group started coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective for the company. Mizuho initiated coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Truist Financial increased their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and an average price target of $154.00.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.