CIBC Asset Management Inc Purchases 1,778 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

CIBC Asset Management Inc raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,097 shares of the real estate investment trust’s stock after acquiring an additional 1,778 shares during the quarter. CIBC Asset Management Inc’s holdings in Digital Realty Trust were worth $7,298,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC raised its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 59 shares during the period. Impax Asset Management Group plc acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $1,082,000. Sycomore Asset Management acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $80,915,000. Nicola Wealth Management LTD. grew its position in shares of Digital Realty Trust by 14.0% during the 3rd quarter. Nicola Wealth Management LTD. now owns 20,752 shares of the real estate investment trust’s stock worth $3,358,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Digital Realty Trust by 5.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,298 shares of the real estate investment trust’s stock worth $1,505,000 after purchasing an additional 499 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

DLR stock opened at $179.67 on Monday. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a fifty day moving average price of $166.56 and a 200-day moving average price of $155.01. The company has a market capitalization of $59.60 billion, a P/E ratio of 150.98, a PEG ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $1.62 EPS. Digital Realty Trust’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DLR. Royal Bank of Canada increased their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and an average target price of $169.47.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.