Canada Pension Plan Investment Board Has $777.50 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Canada Pension Plan Investment Board boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,384,451 shares of the real estate investment trust's stock after acquiring an additional 48,522 shares during the quarter. Canada Pension Plan Investment Board owned 1.32% of Digital Realty Trust worth $777,495,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,858,428,000. Geode Capital Management LLC boosted its stake in shares of Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after acquiring an additional 281,704 shares during the period. Principal Financial Group Inc. raised its stake in Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust's stock valued at $700,486,000 after acquiring an additional 79,322 shares during the period. Finally, Invesco Ltd. lifted its holdings in Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after purchasing an additional 607,132 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. Truist Financial dropped their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Mizuho reduced their price target on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $184.33.

Digital Realty Trust Trading Up 1.6 %

Shares of Digital Realty Trust stock opened at $148.53 on Thursday. The company's 50-day moving average price is $151.91 and its 200-day moving average price is $167.93. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a market cap of $50.02 billion, a price-to-earnings ratio of 91.69, a PEG ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. Digital Realty Trust's dividend payout ratio is currently 301.23%.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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