TD Asset Management Inc Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

TD Asset Management Inc lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,780 shares of the real estate investment trust's stock after purchasing an additional 4,347 shares during the period. TD Asset Management Inc's holdings in Digital Realty Trust were worth $22,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Key Financial Inc boosted its holdings in Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 138 shares during the period. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $38,000. Grove Bank & Trust increased its position in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 230 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $49,000. Finally, Adirondack Trust Co. increased its position in Digital Realty Trust by 40.8% during the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the subject of several recent research reports. Citigroup restated a "buy" rating and issued a $200.00 price target (up from $174.00) on shares of Digital Realty Trust in a research report on Monday. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the company a "buy" rating in a research note on Wednesday. Finally, Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $190.68.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The shares were 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 in the company, 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 SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of DLR traded down $0.95 during trading hours on Thursday, hitting $176.35. The company's stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,161,676. The company has a market cap of $59.39 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 3.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 1.92. The business has a 50 day simple moving average of $174.08 and a two-hundred day simple moving average of $164.00. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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 net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $1.65 earnings per share. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

About Digital Realty Trust

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.