TD Asset Management Inc Has $26.41 Million Stock Position in Digital Realty Trust, Inc. $DLR

Key Points

• TD Asset Management Inc has reduced its stake in Digital Realty Trust, holding $26.41 million in shares after selling 3,283 during the second quarter.
• Significant institutional investors, including Canada Pension Plan Investment Board and Vanguard Group Inc., have recently increased their holdings in Digital Realty Trust.
• Several analysts have raised their price targets for Digital Realty Trust, with the average target now at $191.25 and the consensus rating classified as "Moderate Buy."

TD Asset Management Inc cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,497 shares of the real estate investment trust's stock after selling 3,283 shares during the quarter. TD Asset Management Inc's holdings in Digital Realty Trust were worth $26,410,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Nuveen LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth approximately $342,389,000. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock valued at $7,505,367,000 after buying an additional 925,674 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Digital Realty Trust by 41.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock valued at $448,422,000 after buying an additional 918,549 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Digital Realty Trust by 37.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust's stock valued at $431,256,000 after acquiring an additional 816,334 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DLR. Wells Fargo & Company increased their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Moffett Nathanson lifted their price target on Digital Realty Trust from $163.00 to $166.00 and gave the company a "neutral" rating in a report on Monday, October 6th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research note on Friday, July 25th. Finally, Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $191.25.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $172.94 on Friday. The stock has a market capitalization of $58.98 billion, a P/E ratio of 45.39, a P/E/G ratio of 4.90 and a beta of 0.96. The business has a 50-day moving average of $170.01 and a two-hundred day moving average of $167.66. 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 issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.22 dividend. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.

Digital Realty Trust Company 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.

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