iA Global Asset Management Inc. Makes New $3.85 Million Investment in Digital Realty Trust, Inc. $DLR

iA Global Asset Management Inc. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,263 shares of the real estate investment trust’s stock, valued at approximately $3,849,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management boosted its position in shares of Digital Realty Trust by 37,575.7% in the third quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock worth $46,896,000 after buying an additional 270,545 shares during the period. World Investment Advisors lifted its stake in Digital Realty Trust by 412.7% in the 3rd quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock worth $1,902,000 after acquiring an additional 8,857 shares in the last quarter. Cim Investment Management Inc. boosted its position in Digital Realty Trust by 99.6% during the 2nd quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock worth $3,997,000 after acquiring an additional 11,345 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Digital Realty Trust by 100.0% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 34,000 shares of the real estate investment trust’s stock valued at $5,878,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after purchasing an additional 211,692 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

NYSE DLR opened at $159.27 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $184.65. The stock’s 50-day moving average is $157.21 and its two-hundred day moving average is $166.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $54.71 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 3.69 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, December 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

Wall Street Analyst Weigh In

Several analysts recently commented on DLR shares. Wall Street Zen cut shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Scotiabank cut their target price on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Morgan Stanley started coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price target on the stock. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.22.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.