National Bank of Canada FI Has $39.86 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• National Bank of Canada FI has decreased its holdings in Digital Realty Trust, Inc. by 4.4%, selling 12,812 shares and now owning approximately 278,154 shares valued at $39.86 million.
• Digital Realty Trust recently announced a quarterly dividend of $1.22, resulting in an annualized dividend of $4.88 with a yield of 2.9%.
• Analysts have an average price target of $190.68 for Digital Realty Trust, with ratings ranging from sell to strong buy.

National Bank of Canada FI lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,154 shares of the real estate investment trust's stock after selling 12,812 shares during the quarter. National Bank of Canada FI owned 0.08% of Digital Realty Trust worth $39,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Bank of Nova Scotia grew its holdings in Digital Realty Trust by 6.7% in the 4th quarter. Bank of Nova Scotia now owns 43,332 shares of the real estate investment trust's stock valued at $7,684,000 after buying an additional 2,739 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Digital Realty Trust by 2.1% in the 4th quarter. Bessemer Group Inc. now owns 41,674 shares of the real estate investment trust's stock worth $7,390,000 after acquiring an additional 842 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of Digital Realty Trust by 5.4% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 74 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Digital Realty Trust by 3.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 395,073 shares of the real estate investment trust's stock worth $70,032,000 after acquiring an additional 14,072 shares during the period. Finally, Townsquare Capital LLC lifted its position in shares of Digital Realty Trust by 9.2% in the 4th quarter. Townsquare Capital LLC now owns 5,196 shares of the real estate investment trust's stock worth $921,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Up 0.3%

Shares of NYSE DLR traded up $0.53 during midday trading on Tuesday, hitting $169.26. The stock had a trading volume of 1,098,813 shares, compared to its average volume of 1,484,179. The company's 50-day simple moving average is $174.21 and its 200 day simple moving average is $163.43. The firm has a market cap of $57.73 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 4.85 and a beta of 0.92. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is 128.08%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reiterated a "buy" rating and issued a $200.00 price objective (up previously from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Mizuho raised their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Scotiabank cut their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Finally, Stifel Nicolaus raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $190.68.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.