National Bank of Canada FI Acquires 71,496 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

National Bank of Canada FI grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 48.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 220,143 shares of the real estate investment trust's stock after buying an additional 71,496 shares during the period. National Bank of Canada FI owned 0.07% of Digital Realty Trust worth $35,625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC raised its holdings in Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust's stock worth $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust's stock worth $305,000 after buying an additional 59 shares during the period. Trueblood Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.1% during the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust's stock worth $334,000 after buying an additional 61 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Digital Realty Trust by 14.3% in the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 66 shares during the period. Finally, Telos Capital Management Inc. boosted its stake in Digital Realty Trust by 0.8% in the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust's stock valued at $1,387,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DLR. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. 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 report on Friday, October 25th. Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $170.37.

Digital Realty Trust Stock Down 2.3 %

DLR traded down $4.52 during trading hours on Monday, hitting $188.17. 2,309,534 shares of the company's stock were exchanged, compared to its average volume of 1,875,613. 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 1-year low of $130.00 and a 1-year high of $198.00. The stock's 50-day moving average is $176.64 and its two-hundred day moving average is $160.36. The stock has a market cap of $62.42 billion, a price-to-earnings ratio of 158.13, a PEG ratio of 5.11 and a beta of 0.62.

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued 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 2.59%. Digital Realty Trust's payout ratio is 410.08%.

About Digital Realty Trust

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.