CIBC Asset Management Inc Purchases 644 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

CIBC Asset Management Inc grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 43,319 shares of the real estate investment trust’s stock after buying an additional 644 shares during the quarter. CIBC Asset Management Inc’s holdings in Digital Realty Trust were worth $6,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DLR. Gradient Investments LLC lifted its stake in 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 acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the second quarter worth $27,000. Rise Advisors LLC grew its position in Digital Realty Trust by 1,125.0% in the first 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 in the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in Digital Realty Trust in the 1st quarter valued at $29,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s 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 sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Trading Down 0.5 %

Shares of Digital Realty Trust stock opened at $149.04 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a 50-day moving average of $151.41 and a 200-day moving average of $146.11. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The stock has a market cap of $48.80 billion, a PE ratio of 41.40, a PEG ratio of 4.84 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Analysts Set New Price Targets

DLR has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 price objective for the company. Wells Fargo & Company increased their price target on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Truist Financial boosted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $150.00 to $175.00 in a report on Friday, June 28th. Finally, Royal Bank of Canada upped their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.00.

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.