Toronto Dominion Bank Purchases 15,079 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Toronto Dominion Bank increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 170,233 shares of the real estate investment trust's stock after purchasing an additional 15,079 shares during the period. Toronto Dominion Bank owned about 0.05% of Digital Realty Trust worth $30,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Auxier Asset Management purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at $214,000. GF Fund Management CO. LTD. acquired a new position in Digital Realty Trust during the fourth quarter valued at $1,055,000. Vise Technologies Inc. lifted its stake in Digital Realty Trust by 122.2% in the 4th quarter. Vise Technologies Inc. now owns 4,353 shares of the real estate investment trust's stock worth $772,000 after acquiring an additional 2,394 shares in the last quarter. Pacific Center for Financial Services boosted its position in Digital Realty Trust by 30.6% during the 4th quarter. Pacific Center for Financial Services now owns 593 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 139 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $576,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $2.74 during trading hours on Thursday, hitting $172.32. 2,204,604 shares of the stock were exchanged, compared to its average volume of 1,976,783. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company's 50 day moving average is $155.60 and its 200 day moving average is $166.91. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a market capitalization of $58.04 billion, a P/E ratio of 106.37, a P/E/G ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.83%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Barclays cut their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Mizuho decreased their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Bank of America initiated coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

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.