Toronto Dominion Bank Raises Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Toronto Dominion Bank raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,154 shares of the real estate investment trust's stock after purchasing an additional 40,064 shares during the quarter. Toronto Dominion Bank's holdings in Digital Realty Trust were worth $25,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Chiron Investment Management LLC lifted its stake in Digital Realty Trust by 69.7% during the 3rd quarter. Chiron Investment Management LLC now owns 8,266 shares of the real estate investment trust's stock valued at $1,338,000 after acquiring an additional 3,395 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Digital Realty Trust by 10.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,587 shares of the real estate investment trust's stock valued at $912,000 after purchasing an additional 543 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in Digital Realty Trust by 3,056.0% during the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust's stock worth $684,000 after purchasing an additional 4,095 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in Digital Realty Trust by 16.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,285,883 shares of the real estate investment trust's stock worth $208,094,000 after purchasing an additional 181,868 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Digital Realty Trust by 106.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 22,905 shares of the real estate investment trust's stock valued at $3,707,000 after buying an additional 11,799 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

NYSE:DLR traded down $0.86 during midday trading on Friday, hitting $185.04. The company had a trading volume of 1,566,808 shares, compared to its average volume of 1,874,898. The company has a market capitalization of $61.38 billion, a PE ratio of 156.08, a P/E/G ratio of 4.97 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $198.00. The stock's fifty day moving average price is $178.29 and its 200-day moving average price is $161.04.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. As a group, research analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.64%. Digital Realty Trust's payout ratio is currently 410.08%.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DLR. TD Cowen boosted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Evercore ISI increased their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.68.

Digital Realty Trust Company 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.