Canada Pension Plan Investment Board bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 6,560,278 shares of the real estate investment trust’s stock, valued at approximately $1,178,095,000. Digital Realty Trust accounts for 0.7% of Canada Pension Plan Investment Board’s investment portfolio, making the stock its 27th biggest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DLR. Sunbelt Securities Inc. lifted its position in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Digital Realty Trust in the second quarter worth $29,000. Bell Investment Advisors Inc raised its stake in shares of Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in shares of Digital Realty Trust by 970.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 165 shares in the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Stock Performance
NYSE:DLR opened at $192.20 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $187.01 and a two-hundred day moving average of $185.90. The stock has a market cap of $71.30 billion, a P/E ratio of 93.30, a PEG ratio of 5.34 and a beta of 1.03. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14.
Digital Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $1.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.5%. Digital Realty Trust’s payout ratio is currently 236.89%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Argus upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research note on Wednesday, August 5th. Barclays raised their target price on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada boosted their price target on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $219.45.
Check Out Our Latest Report on Digital Realty Trust
About Digital Realty Trust
Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.
Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.
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