Healthcare of Ontario Pension Plan Trust Fund Sells 34,500 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 200,000 shares of the real estate investment trust’s stock after selling 34,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Digital Realty Trust were worth $32,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the 2nd quarter worth about $25,000. Gradient Investments LLC increased its stake in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at approximately $31,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DLR shares. Raymond James boosted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Stock Up 0.7 %

Shares of DLR stock opened at $195.31 on Thursday. The stock has a 50 day moving average of $171.67 and a 200 day moving average of $157.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $64.79 billion, a P/E ratio of 164.13, a P/E/G ratio of 5.12 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $195.93.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

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.