Zurcher Kantonalbank Zurich Cantonalbank Has $42.77 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Zurcher Kantonalbank has increased its holdings in Digital Realty Trust by 5.9%, bringing its total stake to approximately $42.77 million, equivalent to 0.09% of the company's stock.
• Digital Realty Trust's shares have garnered a consensus rating of "Moderate Buy" from analysts, with a current average target price of $188.53.
• The company recently announced a quarterly dividend of $1.22 per share, resulting in an annualized yield of 2.74%, despite a high payout ratio of 128.08%.

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 298,466 shares of the real estate investment trust's stock after purchasing an additional 16,635 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.09% of Digital Realty Trust worth $42,767,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FourThought Financial Partners LLC lifted its stake in shares of Digital Realty Trust by 5.8% during the first quarter. FourThought Financial Partners LLC now owns 19,406 shares of the real estate investment trust's stock valued at $2,781,000 after acquiring an additional 1,058 shares during the period. TD Asset Management Inc boosted its holdings in Digital Realty Trust by 2.9% during the first quarter. TD Asset Management Inc now owns 154,780 shares of the real estate investment trust's stock worth $22,178,000 after buying an additional 4,347 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Digital Realty Trust by 18.8% during the first quarter. HB Wealth Management LLC now owns 9,798 shares of the real estate investment trust's stock worth $1,404,000 after purchasing an additional 1,548 shares during the period. Nvwm LLC raised its position in shares of Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after purchasing an additional 60 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Digital Realty Trust by 11.4% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 26,804 shares of the real estate investment trust's stock worth $3,841,000 after purchasing an additional 2,742 shares during the period. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 0.3%

Shares of NYSE DLR traded up $0.48 during trading on Thursday, reaching $177.78. The company had a trading volume of 722,683 shares, compared to its average volume of 2,152,769. The company's fifty day moving average price is $174.08 and its 200-day moving average price is $164.00. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market cap of $59.87 billion, a P/E ratio of 46.71, a PEG ratio of 3.31 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $1.65 earnings per share. The firm's revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.74%. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction that occurred 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 owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DLR shares. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Truist Financial set a $199.00 price objective on Digital Realty Trust and gave the stock a "buy" rating in a research report on Wednesday. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays raised their target price on shares of Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Finally, Raymond James Financial boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $190.68.

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.