Canada Pension Plan Investment Board Purchases 146,183 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Canada Pension Plan Investment Board raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,826,432 shares of the real estate investment trust's stock after purchasing an additional 146,183 shares during the quarter. Canada Pension Plan Investment Board owned approximately 1.54% of Digital Realty Trust worth $733,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the 2nd quarter worth $25,000. Gradient Investments LLC increased its position in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth about $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Finally, Rise Advisors LLC boosted its stake in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an "outperform" rating in a report on Monday, June 3rd. Barclays increased their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an "underweight" rating in a research note on Wednesday, July 24th. Mizuho started coverage on Digital Realty Trust in a research note on Thursday, July 11th. They set an "outperform" rating and a $170.00 price objective for the company. TD Cowen dropped their price objective on Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating for the company in a report on Friday, July 26th. Finally, Truist Financial raised their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Hold" and a consensus target price of $154.00.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Down 0.1 %

DLR traded down $0.20 during trading on Friday, hitting $158.70. The company had a trading volume of 7,047,344 shares, compared to its average volume of 1,862,120. The company has a market capitalization of $49.58 billion, a PE ratio of 44.21, a PEG ratio of 5.06 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The firm's 50-day moving average price is $152.14 and its 200 day moving average price is $147.31.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm's quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.65 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 Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust's payout ratio is 135.56%.

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.