Cibc World Markets Corp Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cibc World Markets Corp increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,648 shares of the real estate investment trust's stock after purchasing an additional 16,600 shares during the period. Cibc World Markets Corp's holdings in Digital Realty Trust were worth $24,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its holdings in shares of Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock valued at $783,812,000 after purchasing an additional 117,461 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Digital Realty Trust by 2.0% during the fourth 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 purchasing an additional 79,322 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Digital Realty Trust by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust's stock valued at $644,196,000 after buying an additional 122,090 shares during the last quarter. Finally, Amundi increased its holdings in Digital Realty Trust by 10.2% during the fourth quarter. Amundi now owns 1,451,440 shares of the real estate investment trust's stock valued at $262,522,000 after buying an additional 134,228 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Finally, Barclays dropped their price target 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.95.

Digital Realty Trust Price Performance

DLR traded up $0.31 during trading on Thursday, hitting $151.40. 1,392,239 shares of the company traded hands, compared to its average volume of 1,860,381. The company has a market cap of $50.97 billion, a PE ratio of 93.46, a P/E/G ratio of 4.38 and a beta of 0.65. The stock's 50-day simple moving average is $163.85 and its two-hundred day simple moving average is $169.91. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. 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 (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. Digital Realty Trust's payout ratio is currently 301.23%.

About Digital Realty Trust

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.