Toronto Dominion Bank Sells 73,512 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Toronto Dominion Bank trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 39.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,090 shares of the real estate investment trust’s stock after selling 73,512 shares during the period. Toronto Dominion Bank’s holdings in Digital Realty Trust were worth $17,499,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in shares of Digital Realty Trust by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after purchasing an additional 9,158 shares during the period. Bessemer Group Inc. boosted its stake in Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 9,865 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Digital Realty Trust by 2.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock valued at $18,558,000 after buying an additional 2,840 shares during the period. Cetera Investment Advisers raised its stake in shares of Digital Realty Trust by 295.5% in the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 23,659 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $3,167,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.5 %

DLR stock opened at $162.06 on Friday. 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 twelve month low of $113.94 and a twelve month high of $165.17. The company has a market cap of $53.06 billion, a P/E ratio of 45.02, a PEG ratio of 5.14 and a beta of 0.60. The business has a fifty day moving average of $152.29 and a 200-day moving average of $147.57.

Digital Realty Trust (NYSE:DLR) last announced 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). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.01%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Mizuho began coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Truist Financial lifted their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average price target of $154.00.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

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.