Desjardins Global Asset Management Inc. Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Desjardins Global Asset Management Inc. boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 985 shares of the real estate investment trust’s stock after purchasing an additional 187 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Digital Realty Trust were worth $133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after purchasing an additional 971,032 shares during the last quarter. State Street Corp raised its position in Digital Realty Trust by 0.5% in the 1st quarter. State Street Corp now owns 20,131,762 shares of the real estate investment trust’s stock valued at $1,979,148,000 after purchasing an additional 96,038 shares during the last quarter. FMR LLC raised its position in Digital Realty Trust by 4.8% in the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after purchasing an additional 394,682 shares during the last quarter. Geode Capital Management LLC raised its position in Digital Realty Trust by 0.4% in the 1st quarter. Geode Capital Management LLC now owns 6,032,301 shares of the real estate investment trust’s stock valued at $591,734,000 after purchasing an additional 24,736 shares during the last quarter. Finally, Morgan Stanley increased its stake in Digital Realty Trust by 6.8% in the 3rd quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock valued at $535,658,000 after buying an additional 282,825 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Barclays boosted their price objective on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Scotiabank cut shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research note on Friday, February 16th. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Citigroup upped their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.33.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.39% of the stock is owned by insiders.

Digital Realty Trust Price Performance

NYSE:DLR opened at $136.83 on Friday. The firm has a market cap of $42.73 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 3.08 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average is $142.08 and its two-hundred day moving average is $135.90. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. Digital Realty Trust’s dividend payout ratio (DPR) is 164.31%.

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.