Bank of Montreal Can Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Bank of Montreal Can lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 44.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 304,560 shares of the real estate investment trust’s stock after selling 239,851 shares during the quarter. Bank of Montreal Can’s holdings in Digital Realty Trust were worth $49,083,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its stake in shares of Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after purchasing an additional 117,461 shares during the period. Canada Pension Plan Investment Board raised its stake in Digital Realty Trust by 3.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after acquiring an additional 146,183 shares during the period. Legal & General Group Plc raised its stake in Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after acquiring an additional 129,799 shares during the period. Dimensional Fund Advisors LP raised its stake in Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after acquiring an additional 228,585 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Digital Realty Trust by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock worth $357,518,000 after acquiring an additional 60,821 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $195.31 on Thursday. The firm has a market capitalization of $64.79 billion, a P/E ratio of 164.13, a PEG ratio of 5.12 and a beta of 0.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $171.67 and a 200 day moving average price of $157.53. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93.

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

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.50%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Ratings Changes

A number of research firms have commented on DLR. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Profile

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.