National Bank of Canada FI Has $51.61 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

National Bank of Canada FI boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 32.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 290,966 shares of the real estate investment trust’s stock after buying an additional 70,823 shares during the quarter. National Bank of Canada FI’s holdings in Digital Realty Trust were worth $51,609,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $35,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 1.9 %

NYSE:DLR opened at $146.00 on Wednesday. The company has a market cap of $49.15 billion, a P/E ratio of 90.12, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The business has a 50 day moving average price of $158.65 and a two-hundred day moving average price of $169.71. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DLR shares. Wells Fargo & Company reduced their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Barclays cut their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Mizuho reduced their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $180.32.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.