Banque Cantonale Vaudoise Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Banque Cantonale Vaudoise lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 89.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,352 shares of the real estate investment trust’s stock after purchasing an additional 10,052 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Digital Realty Trust were worth $3,247,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the period. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter worth $2,141,890,000. Principal Financial Group Inc. increased its holdings in shares of Digital Realty Trust by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after purchasing an additional 97,509 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 4.0% in the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock worth $674,143,000 after purchasing an additional 182,100 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Digital Realty Trust by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after purchasing an additional 85,262 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.4 %

Shares of Digital Realty Trust stock traded up $2.11 during trading on Friday, reaching $151.61. 3,050,948 shares of the stock were exchanged, compared to its average volume of 1,853,039. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average is $151.21 and its 200 day moving average is $145.92. The firm has a market cap of $47.37 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $162.58.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Mizuho initiated coverage on Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price on the stock. Truist Financial increased their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $154.00.

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.