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

Toronto Dominion Bank raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,233 shares of the real estate investment trust's stock after acquiring an additional 15,079 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Digital Realty Trust worth $30,187,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its stake in Digital Realty Trust by 42.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,501 shares of the real estate investment trust's stock worth $1,862,000 after purchasing an additional 3,132 shares during the period. Legacy Wealth Asset Management LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at $205,000. Merit Financial Group LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter valued at $571,000. HB Wealth Management LLC grew its stake in shares of Digital Realty Trust by 21.7% in the 4th quarter. HB Wealth Management LLC now owns 8,250 shares of the real estate investment trust's stock valued at $1,463,000 after buying an additional 1,469 shares during the period. Finally, Jackson Square Capital LLC increased its position in Digital Realty Trust by 20.4% in the 4th quarter. Jackson Square Capital LLC now owns 5,501 shares of the real estate investment trust's stock valued at $975,000 after buying an additional 931 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $0.60 during trading on Thursday, hitting $167.89. The company had a trading volume of 1,172,946 shares, compared to its average volume of 1,972,928. The stock's 50-day moving average is $153.78 and its two-hundred day moving average is $167.23. The stock has a market capitalization of $56.54 billion, a price-to-earnings ratio of 103.64, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. 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 issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.91%. Digital Realty Trust's payout ratio is 456.07%.

Analysts Set New Price Targets

Several research analysts have issued reports on DLR shares. Scotiabank cut their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Truist Financial cut their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday, May 12th. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

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.