Investment Management Corp of Ontario increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 54.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,785 shares of the real estate investment trust's stock after purchasing an additional 3,800 shares during the quarter. Investment Management Corp of Ontario's holdings in Digital Realty Trust were worth $1,745,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter worth $25,000. American Capital Advisory LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Gradient Investments LLC raised its holdings in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. lifted its position in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 81 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Stock Performance
Shares of DLR stock traded up $0.24 during mid-day trading on Thursday, reaching $191.08. The stock had a trading volume of 1,500,304 shares, compared to its average volume of 1,872,922. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $198.00. The firm has a market cap of $63.38 billion, a price-to-earnings ratio of 160.57, a PEG ratio of 5.07 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The business's fifty day moving average is $175.48 and its 200-day moving average is $159.47.
Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company posted $1.62 EPS. Digital Realty Trust's quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.55%. Digital Realty Trust's dividend payout ratio is presently 410.08%.
Analyst Ratings Changes
DLR has been the subject of a number of recent research reports. HSBC raised shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and boosted their price objective for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $170.37.
Read Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Profile
(
Free Report)
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.
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