Trade Report: Today, CIBC World Markets Inc. Raises Stake in Digital Realty Trust Inc. (DLR)

Today, CIBC World Markets Inc. Raises Stake in Digital Realty Trust Inc. (DLR)

CIBC World Markets Inc. increased its stake in shares of Digital Realty Trust Inc. (NYSE:DLR) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,835 shares of the real estate investment trust’s stock after buying an additional 1,483 shares during the period. CIBC World Markets Inc.’s holdings in Digital Realty Trust were worth $2,509,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in Digital Realty Trust by 63.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 16,027 shares of the real estate investment trust’s stock valued at $1,747,000 after buying an additional 6,200 shares during the period. Capital Analysts LLC raised its position in Digital Realty Trust by 617.2% in the second quarter. Capital Analysts LLC now owns 6,383 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 5,493 shares during the period. Capstone Asset Management Co. raised its position in Digital Realty Trust by 287.0% in the second quarter. Capstone Asset Management Co. now owns 14,631 shares of the real estate investment trust’s stock valued at $1,595,000 after buying an additional 10,850 shares during the period. NN Investment Partners Holdings N.V. raised its position in Digital Realty Trust by 84.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 731,815 shares of the real estate investment trust’s stock valued at $79,760,000 after buying an additional 335,700 shares during the period. Finally, Creative Planning raised its position in Digital Realty Trust by 175.4% in the second quarter. Creative Planning now owns 16,138 shares of the real estate investment trust’s stock valued at $1,759,000 after buying an additional 10,278 shares during the period.

Digital Realty Trust Inc. (NYSE:DLR) traded up 0.64% during midday trading on Monday, reaching $91.53. The company had a trading volume of 895,187 shares. The stock’s 50 day moving average price is $92.19 and its 200-day moving average price is $98.45. The firm has a market capitalization of $14.55 billion, a P/E ratio of 63.08 and a beta of 0.14. Digital Realty Trust Inc. has a one year low of $69.00 and a one year high of $113.21.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Digital Realty Trust had a net margin of 15.25% and a return on equity of 9.81%. The firm had revenue of $546.30 million for the quarter, compared to analysts’ expectations of $538.82 million. During the same period in the previous year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities research analysts anticipate that Digital Realty Trust Inc. will post $5.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.88 per share. The ex-dividend date is Tuesday, December 13th. This represents a $3.52 annualized dividend and a yield of 3.85%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 246.15%.

Several research firms have weighed in on DLR. RBC Capital Markets restated an “outperform” rating and set a $120.00 target price (up from $105.00) on shares of Digital Realty Trust in a report on Thursday, August 4th. Royal Bank Of Canada raised their target price on Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Barclays PLC raised their target price on Digital Realty Trust from $118.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, August 12th. Jefferies Group cut their target price on Digital Realty Trust from $115.00 to $109.00 and set a “hold” rating on the stock in a report on Thursday, August 11th. Finally, Bank of America Corp. restated a “buy” rating and set a $120.00 target price on shares of Digital Realty Trust in a report on Wednesday, September 28th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $106.00.

In other Digital Realty Trust news, insider Edward F. Sham sold 14,701 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the sale, the insider now directly owns 19,039 shares of the company’s stock, valued at approximately $1,761,107.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua A. Mills sold 4,519 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $92.22, for a total transaction of $416,742.18. Following the sale, the senior vice president now directly owns 8,685 shares in the company, valued at $800,930.70. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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