Industrial Alliance Investment Management Inc. Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Industrial Alliance Investment Management Inc. acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLRGet Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,916 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Other institutional investors have also made changes to their positions in the company. Ten Capital Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the third quarter worth about $26,000. FSB Premier Wealth Management Inc. acquired a new position in Digital Realty Trust during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $32,000. TAP Consulting LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $33,000. Finally, CVA Family Office LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $34,000. 98.53% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the company. Stifel Nicolaus dropped their target price on Digital Realty Trust from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 18th. Cowen dropped their price objective on shares of Digital Realty Trust from $162.00 to $149.00 and set a “market perform” rating for the company in a research note on Friday, February 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Digital Realty Trust from $152.00 to $150.00 in a research report on Tuesday. Credit Suisse Group lowered their target price on Digital Realty Trust from $150.00 to $146.00 and set a “neutral” rating for the company in a research note on Friday, February 18th. Finally, TheStreet raised Digital Realty Trust from a “c+” rating to a “b-” rating in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $168.21.

Shares of DLR stock traded down $0.61 during trading on Thursday, reaching $126.39. 52,602 shares of the company’s stock traded hands, compared to its average volume of 1,602,793. Digital Realty Trust, Inc. has a 1 year low of $125.12 and a 1 year high of $178.22. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $35.98 billion, a P/E ratio of 26.04, a PEG ratio of 3.03 and a beta of 0.29. The firm’s 50-day moving average is $142.04 and its 200 day moving average is $151.64.

Digital Realty Trust (NYSE:DLRGet Rating) last released its earnings results on Thursday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $1.62 by ($1.40). Digital Realty Trust had a net margin of 31.28% and a return on equity of 8.13%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business posted $1.67 EPS. Digital Realty Trust’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.86%. This is an increase from Digital Realty Trust’s previous quarterly dividend of $1.16. The ex-dividend date was Monday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 101.25%.

Digital Realty Trust Company Profile (Get Rating)

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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